Orlando Real Estate Market is Booming

If you’re thinking about selling your home in the Orlando area, now may be the time. The Orlando real estate market is truly booming!  Sales of Orlando homes – along with the median price – have risen substantially as compared to that of even just one year ago. In fact, home sales in Orlando were up in June of 2015 by more than 20 percent as compared to June 2014, and are up more than 10 percent in comparison to May (2015).1

Each of Orlando county’s sales are broken down as such:

  • Lake: 10.22 percent in June 2015 over June 2014
  • Orange: 20.55 percent in June 2015 over June 2014
  • Osceola: 16.43 percent in June 2015 over June 2014
  • Seminole: 28.42 percent in June 2015 over June 20142

Home sale prices in the Orlando area have brought sellers some good news, too, with the median price of all existing homes sold in June of 2015 standing at $181,500 – which is an increase of more than 7.7 percent over June of last year.3

Sales and Sale Prices of Orlando Homes Are BoomingThe homes that are for sale in Orlando are also spending less time on the market, as well – and, sellers are getting close to their asking price from purchasers. According to data from the Orlando Regional Realtor Association, homes spent an average of 67 days on the market in June of this year – which is down from 73 days in May (2015) – with the average home selling for just over 97 percent of its asking price. This is up slightly from the month prior at 96.87 percent.4

Given this data, it could just be the perfect time to put your property on the market. The Orlando real estate market is hot right now, so if you’re thinking about selling your Orlando home, give me a call. I’ll show you how to present your home right in order to attract the most buyers within the shortest amount of time – allowing you to get your property sold so that you can move forward quickly.

 

June 2015 Housing Market – Talking Points. Orlando Regional Realtor Association.
2 Ibid.
3 Ibid.
4 Ibid.

By | 2016-11-18T21:04:25+00:00 August 5th, 2015|Pricing, Real Estate Market Info, Selling Advice|0 Comments