Orlando FL Real Estate Market Trends – October 2013
October 24th, 2013 by tisnerThe Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last several months just on the anticipation that the Fed would announce that they would be reducing the level of bond purchases last month. When that didn’t happen, rates actually decreased.
That was great news for any buyer in the process of purchasing a home. However, this window of opportunity is expected to close in the very near future as most experts expect the Fed to taper the bond purchasers in December.
So, don’t let this opportunity pass you by. Leverage your buying power NOW while rates remain low. Contact us today for help!
Take a look at sales figures in our local real estate market for September 2013.
Orange County Real Estate Sales Statistics – September 2013
Orange County saw 9 more homes sold in September 2013 than September 2012, a 1 percent increase. The average sales price increased by 10 percent and the median sales price increased by 18 percent from September 2012. Market times decreased by 33 days or 21 percent.
| Orange County |
Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| September 2013 | 1,424 | $ 197,972 | $ 160,000 | 121 |
| September 2012 | 1,415 | $ 178,657 | $ 130,600 | 154 |
Osceola County Real Estate Sales Statistics – September 2013
Osceola County homes saw home sales increased by 18 homes, a 4 percent increase. Prices increased with the average sales price up 24 percent and the median price increased by 19 percent. Market Times remain consistent compared to September 2012.
| Osceola County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| September 2013 | 433 | $ 163,613 | $ 135,000 | 144 |
| September 2012 | 415 | $ 123,766 | $ 109,000 | 144 |
Seminole County Real Estate Sales Statistics – September 2013
Seminole County residential sales increased by 6 percent with 37 more homes sold in September 2013. The average sales price increased by 22 percent, and the median sales price increased by 24 percent compared to September 2012 levels. Market times decreased by 26 days or 18 percent.
| Seminole County |
Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| September 2013 | 575 | $ 204,271 | $ 169,900 | 119 |
| September 2012 | 538 | $ 160,315 | $ 129,500 | 145 |
Lake County Real Estate Sales Statistics – September 2013
Residential sales in Lake County increased with 63 more homes sold a 15 percent increase. The average sales price increased by 20 percent, and the median sales price increased by 17 percent for the month compared to September 2012. Market times decreased by 3 days.
| Lake County |
Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| September 2013 | 431 | $ 165,755 | $ 145,000 | 168 |
| September 2012 | 368 | $ 132,410 | $ 120,000 | 171 |
Polk County Real Estate Sales Statistics – September 2013
Polk County saw 52 more homes sold in September 2013 compared to September 2012. The average sales price increased by 22 percent, and the median sales price increased by 21 percent. Market times decreased by 42 days compared to September 2012.
| Polk County |
Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| September 2013 | 682 | $ 134,100 | $ 119,900 | 142 |
| September 2012 | 630 | $ 104,822 | $ 95,000 | 184 |
It’s still a great time to get your best price on an Orlando home.