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Orlando FL Real Estate Market Trends – July 2012

August 28th, 2012 by tisner

Good news!  The recent results of a large-scale survey strongly indicates that consumer optimism and the desire to own real estate continue to rise.

Additionally, Fannie Mae’s National Housing Survey polls 1,001 Americans each month to assess their attitudes toward homeownership, renting, mortgage rates, foreclosures, the economy, household finances, and overall consumer confidence. The results of June’s survey show Americans are increasingly optimistic about the housing market despite concerns about the broader economy and their personal finances.

  • According to the survey, Americans expect home prices to increase 2.0 percent over the next year.
  • Among participants, 35 percent said prices would rise over the next 12 months, which is the largest percentage in the survey’s two-year history.
  • Also, the number of respondents who said they would buy their next home if they were going to move rose 6.0 percent to 69 percent, which is the highest level ever recorded.
  • The number of Americans who said it was a good time to buy a home increased to 73 percent.

Lets take a look at July sales figures in our local markets.

Orange County Real Estate Sales Statistics – July 2012  

Orange County saw 68 more homes sold in July 2012 than 2011, a 4 percent increase. The average sales price increased by 6 percent and the median sales price increased by 8% from July 2011.  Market times decreased by 19 days or 20 percent.  

Orange County Homes Sold Average Sales Price Median Sales Price Average Market Times 
July 2012  1,512  $171,419  $129,000 76
July 2011  1,444  $161,624  $119,000 95

 Osceola County Real Estate Sales Statistics – July 2012

Osceola County homes saw home sales decreased by 27 homes, a 5 percent decrease. Prices increased with the average sales price up 11 percent and the median price increased by 15 percent.  Market Times decreased by 31 days compared to July 2011.

Osceola County Homes Sold Average Sales Price Median Sales Price Average Market Times 
July 2012 492  $132,337  $109,950 79
July 2011 519  $117,580  $93,500 110

 Seminole County Real Estate Sales Statistics – July 2012

Seminole County residential sales increased by 2 percent with 9 more homes sold in July 2012. The averages sales price increased by 4 percent, and the median sales price increased by 6 percent compared to July 2011 levels. Market times decreased by 27 days or 25 percent.

Seminole County Homes Sold Average Sales Price Median Sales Price Average Market Time 
July 2012  577  $172,139  $140,000 83
July 2011 568  $165,828  $131,500 110

 

Lake County Real Estate Sales Statistics – July 2012  

Residential sales in Lake County increased with 48 more home sold a 12 percent increase. The average sales price decreased by 4 percent, while the median sales price increased by 1 percent during the same time period.  Market times increased by 29 days.

Lake County Homes Sold Average Sales Price Median Sales Price Average Market Time 
July 2012 414  $ 130,266  $115,000 120
July 2011 366  $136,284  $113,765  149

 Polk County Real Estate Sales Statistics – July 2012

Polk County saw 111 more home sold in July 2012 compared to 2011.  The average sales price increased by 9 percent,and the median sales price increased by 8 percent.  Market times decreased by 14 days the same as July 2011.

Polk County Homes Sold Average Sales Price Median Sales Price  Average Market Time
July 2012  693  $114,025  $96,990 102
July 2011 582  $103,511  $89,000 116

Now is the time to get your best price on an Orlando home, before the prices move upward. 

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
66 Riley Road
Celebration, Fl 34747

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