• Direct Line: 407.256.8190 | Sign Up | Login
  • Orlando Sees 22% Increase in Year-over-Year Home Values


    ipbgmain_01

     According to the latest housing data released by the Orlando Regional Realtors Association, Florida’s housing market continues to show growth and recovery. Since March of last year (2012), home prices in the Orlando area have increased by 21.74% to a median home price of $140,000. On a monthly basis, this number is up 5.26% from February 2013’s median price of $133,000.

    “March marks the 15th consecutive month that the statewide median sales prices for both single-family homes and for townhouse-condo properties rose year-over-year,” said Florida Realtors President Dean Asher.

    One of the main reasons for the jump in home prices is that the number of non-distressed “normal” home sales increased by nearly 50%. Another big driver of home prices is net migration. According to a recent blog by Investor Intelligence, the Orlando metro area grew by 50,000 people last year alone. In addition to this, the dwindling inventory of listings has had an effect on home prices. In March 2013, inventory was 19.95% less than it was in March 2012.

    The number of existing homes available for purchase in Orlando is continuing its steady decline that began all the way back in July 2010 at 16,563 homes and is now at 6,937 homes. In March 2013, current inventory combined with the rate of sales created a 2.66-month supply of homes in Orlando, which can be compared with the 3.56-month supply in March 2012.

    All the best,

    Vincent Paige |REALTOR® | RE/MAX Showcase
    Certified Broker Price Opinion Registered Agent (BPOR)
    Florida Military Specialist (FMS)
    8934 Conroy Windermere Road | Orlando, FL 32835
    Direct: 407.256.8190 | Fax: 407.264.8073
    E-mail: vince@thepremiumproperties.com

    Live MLS!  www.ThePremiumProperties.com or call Vince Paige the Dr. Phillips Realtor.

    Orlando Homes For Sale | Orlando Vacation Homes For Sale | Vacant land in Orlando for sale | Bay Hill homes for sale | Bay Hill condos for sale | Bella Collina homes for sale | Bella Collina lots for saleEmerson Pointe homes for sale | Estates at Phillips Landing homes for sale |  Vizcaya homes for sale | Vizcaya condos for sale | Downtown Orlando Condos for sale | Isleworth homes for sale | Keene’s Pointe homes for sale | Dr. Phillips Realtor |Lake Butler Sound homes for sale | Windermere lakefront homes for sale | Windermere luxury homes for sale | Orlando luxury homes for sale | Winter Garden Luxury Homes For Sale | Winter Garden Homes For Sale |Orlando Realtors |Dr. Phillips Realtor |Bella Collina Realtor |Isleworth Realtor |Bay Hill Realtor |Winter Garden Realtor

    Rate this post
     
    Submit your review
    1
    2
    3
    4
    5
    Submit
         
    Cancel

    Create your own review





    Leave a Reply

    Your email address will not be published. Required fields are marked *