The Orlando Housing Market Update for December 2019.
Orlando’s annual median home price for Dec 2019 is 4% higher than the Dec 2018 annual median price, while annual sales are 2% above that in the same month in 2018. For all of 2019, the inventory of available homes saw an increase of 1% in compared to 2018.
The image below shows the Market Data for the Orlando & surrounding areas
from November 2017 thru December 2019.
The Following graph shows New Listings, New Contracts on Listings, Total Pendings, and Closed Sales over the last two years!
The following shows the cyclical pattern of new listings over the last 3 years! Typically December shows the lowest numbers of new listings.
The following shows the total number of homes listed for sale over the last 3 years! This December shows the lowest numbers of homes listed over the last 3 years.
The following shows the Average Monthly Mortgage Rate over the last 3 years! The last 3 months have shown historically, some of the lowest rates!
The data above shows that we currently have the lowest inventory levels that we’ve had over the last 3 years, with some of the lowest mortgage rates. As we move into the new year, and with the expected but gradual increase of new listings coming on the market, we should see an active start to the year in residential sales here in Orlando!