Orlando Real Estate December 2023
David's Orlando Real Estate Blog
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4M ago
The #OrlandoRealEstate market continues to move a bit slower than 2022, but slower sales have not had an effect on prices. Total sales were 11% lower than a year ago with just 1,982 homes of all types closing in December 2022.The slower pace of sales has had an impact on inventory with the number ..read more
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Orlando Real Estate May 2023
David's Orlando Real Estate Blog
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11M ago
The number of homes of all types available for sale is of course still up compared to last year. There were 5,149 homes for sale in May up 33.7% compared to a year ago, but up only 1 home compared to April. The number of closed sales was down 20.2%  with 3,150 closed transactions last month compa ..read more
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Orlando Real Estate April 2023
David's Orlando Real Estate Blog
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1y ago
Orlando real estate numbers continue to be solid. Inventory remains high compared to a year ago with 5,148 homes of all types available for sale compare to just 2,670 a year ago. However, that is still less than a two month supply of homes for sale. The median price remains strong at $370,000 hol ..read more
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Orlando Real Estate September 2022
David's Orlando Real Estate Blog
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1y ago
Once again inventory rose significantly compared to a year ago, but the 6,884 homes available for sale was up only 1.8% from August. Close sales were down 28.3% compared to a year ago with just 2,717 compared to 3,789 in September of 2021. New listings and new contracts were also down compared to ..read more
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Orlando Real Estate August 2022
David's Orlando Real Estate Blog
by
1y ago
Sales are down compared to a year ago, but the median sales price is still way up from 2021. Inventory has climbed dramatically since this year's low in February. Sales have declined 17% to 3,324 compared to 3,999 a year earlier. Prices are up 18% over the same time period, rising from $320,000 t ..read more
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Orlando Real Estate October 2022
David's Orlando Real Estate Blog
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1y ago
Climbing interest rates continue to have an impact on closed sales and new contracts. Closed sales dropped 27.8% with 2,716 homes of all types closing compared to 3,760 a year ago. New contracts declined over 50% from 3,583 to 1,788 compared to October 2021. Slowing sales have pushed the inventor ..read more
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Waiting for Orlando Real Estate Prices to Fall?
David's Orlando Real Estate Blog
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1y ago
If you are waiting on #OrlandoRealEstate prices to collapse, keep waiting. This is not the 2008 recession. A lot of buyers in 2004-2006 were speculating on the rapid rise in real estate prices to flip properties. The increases were further fueled by crazy financing such as 105% financing with no ..read more
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Orlando Real Estate March 2023
David's Orlando Real Estate Blog
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1y ago
Inventory and prices remain higher than a year ago, with sales numbers quite a bit lower than last March. Currently inventory is just over double what it was last year with 5,052 homes available for sale. However, that number is 9% lower than February, and March is the fourth month in a row with ..read more
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Orlando Real Estate September 2022
David's Orlando Real Estate Blog
by
1y ago
Once again inventory rose significantly compared to a year ago, but the 6,884 homes available for sale was up only 1.8% from August. Close sales were down 28.3% compared to a year ago with just 2,717 compared to 3,789 in September of 2021. New listings and new contracts were also down compared to ..read more
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Orlando Real Estate August 2022
David's Orlando Real Estate Blog
by
1y ago
Sales are down compared to a year ago, but the median sales price is still way up from 2021. Inventory has climbed dramatically since this year's low in February. Sales have declined 17% to 3,324 compared to 3,999 a year earlier. Prices are up 18% over the same time period, rising from $320,000 t ..read more
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