Posts Tagged ‘home value in orlando’
Orlando Area Home Sales Slide 17 Percent Annually in August
According to the Orlando Regional Realtor Association’s housing data, median home price fell for the second consecutive month as home sales slide 17 percent annually in August. ORRA reports that the median home price for August 2022 was recorded at $377,750, a slight decrease of 0.8% compared to July’s median home price, $380,900. This is…
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Orlando Home Prices Dip in July, First Time in 2022
According to the Orlando Regional Realtor Association, median Central Florida home price for July 2022 was at $380,900, a decrease of 1.6% compared to June 2022. This is the first time in six months that the median home price has fallen. Inventory jumped by 19.9% in a single month, from June to July – that’s…
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Buyers Rush to Lock in Low Interest Rates
The spring homebuying market is typically marked by higher sales and a greater number of house hunters, but many real estate professionals feel a spring-like market has been in full swing since the pandemic began a year ago. “There will be no spring homebuying season in 2021, as we’ve been in it the entire time,”…
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Orlando home value appreciation trails rest of the nation
A new study shows Orlando home prices are appreciating slower than the national average — but that’s not necessarily bad. Home prices in the Orlando metro climbed 7.3% year over year in the fourth quarter, according to a Feb. 23 report from the Federal Housing Finance Agency. That’s slower than the national average of 10.8%, and…
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Buyers Snatch Up New Listings as Quickly as They’re Available
Home sales could easily be 20% higher if more homes were for sale, says Lawrence Yun, chief economist of the National Association of REALTORS®. Existing-home sales—completed transactions for single-family homes, townhomes, condos, and co-ops—rose 0.6% in January compared to December 2020 and are up nearly 24% over a year ago, the National Association of REALTORS®…
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Homeowners Are on a Home Improvement Spending Spree
As homeowners spend more time at home, they’re tackling household projects. The top reason for the increase in home improvement spending last year was to make a home better fit “lifestyle needs,” according to “The State of Home Spending: 2020,” a report produced by HomeAdvisor. Eighty-five percent of Americans surveyed reported spending more time at…
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Orlando residential real estate market rebounds in June
The arrival of summer brought a warming housing market to Orlando. Local home sales were up nearly 46% from May to June, according to a July 15 report from the Orlando Regional Realtor Association, reversing two consecutive months of declining sales. Residential rally Sales are still down year-over-year as the coronavirus pandemic slows the economy,…
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Orlando hotel occupancy rate shows improvement during pandemic
Visitation is clearly down in Orlando due to the Covid-19 virus, but activity is picking up a bit for the region’s hotels. The region’s average hotel occupancy rate has been on a steady climb — more than 12 weeks in a row – to 29.3% for the week ending July 4, said data from STR…
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Orlando Home Prices Continue Upward Trend in May, Even as Closings Dive
The Orlando Regional Realtor Association is now reporting that Central Florida median home prices sold in May 2020 increased nearly 7% compared to May of last year, while transactions dropped 44% during the second consecutive month to illustrate the impact of COVID-19 on Orlando’s housing market. Inventory experienced a year-over-year decline of 11%. “Despite year-over-year…
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