Orlando
Real Estate News

Last Updated September 13, 2019 9:00 AM ET

Orlando Property News

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes held steady at 62 in March 2019.

The U.S. Department of Housing and Urban Development and the U.S. Census Bureau data for January 2019 new home sales indicates an increasing demand for U.S. homes sold under the $400,000 price range.

The Florida Realtor Association is reporting that Florida home sales of single-family homes statewide totaled 15,526 last month, down 6.2 percent compared to January 2018.

Sales of new homes in all four major U.S. regions significantly declined in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December.

Orlando's annual median home price for 2018 ($232,500) is 5.7 percent higher than the 2017 annual median price ($220,000) thanks to another 12 consecutive months of year-over-year price increases.

A record-breaking 112.5 million travelers, or 1-in-3 US citizens, are taking to the nation's runways, roads and rails for the year-end holidays represents a 4.4 percent increase over last year.

The inventory of homes available for purchase in the Orlando area has experienced its first year-over-year increase since July of 2015. The overall inventory in November 2018 is 1.7 percent higher than in November 2017.

According to the U.S. Department of Housing and Urban Development, sales of newly built, single-family homes in the U.S. fell to a seasonally adjusted annual rate of 544,000 units in October 2018, after an upwardly revised September report.

According to new market research from CBRE, strong market fundamentals are attracting a wide variety of investors to workforce housing, creating good returns and helping to preserve affordable accommodation in lower-income communities.

Orlando held steady in 2018 as the #2 destination of choice for Florida's international homebuyers. Nine percent of all of Florida's international homebuyers opted to purchase a property in Orlando.

Florida's housing market reported more closed sales, rising median prices and more new listings in October 2018 compared to a year ago. Sales of single-family homes statewide totaled 22,272 last month, up 8.5 percent compared to October 2017.

The American Automobile Association is predicting over 54.3 million Americans will journey 50 miles or more away from home this Thanksgiving, a 4.8 percent increase over last year.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending November 9, 2018, U.S. mortgage applications decreased 3.2 percent from one week earlier.

Florida's housing market had more sales, higher median prices, more pending sales and more new listings in 3Q 2018. Closed sales of single-family homes statewide totaled 72,843 in 3Q 2018.

Based on a new study by Zillow, after years of competitive bidding wars and rising home prices, it might finally be a good time to buy a home in many U.S. markets.

According to the National Association of Realtors, U.S. existing-home sales declined in September 2018 after a flat month in August 2018. All four major regions saw no gain in sales activity last month.

Over 57,002 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion are at potential risk of storm surge damage from Hurricane Michael.

According to the Orlando Regional Realtor Association, year-over-year median price for Orlando homes sold during the month of August 2018 continued on its years-long upward trajectory.


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