Every Monday, ORRA’s Monday Morning Quarterback Report gives you a snapshot of the previous week’s market activity, including sales, prices, days on market, and much, much more.
Monday Morning Quarterback for November 17th, 2024 – November 23rd, 2024
Single-family existing homes
Sales of single-family homes increased to 365 during the week of November 17, from 305 the week prior
The median price of single family homes decreased to $430,000 a change of -6.0%
The number of single-family home foreclosure transactions decreased to 1 from 2 the week prior
The number of single-family short-sale transactions remains constant at 0
Single-family inventory increased by 3, and now sits at 7,846.
Condos, townhomes, and villas
Sales of condos, townhomes, and villas increased to 102 during the week of November 17, from 83 the week prior
The median price of condos, townhomes, and villas decreased to $263,000 a change of -7.7%
The number of condo, townhome, and villa foreclosure transactions remains constant at 1
The number of condo, townhome and villa short-sale transactions remains constant at 0
Condo inventory increased by 43, and now sits at 3,878.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
It’s time to gather around with friends and family to give thanks for all that has happened to us throughout the year and time to share in a feast fit for kings. If you want more out of your Thanksgiving this year, you might want to “give back” in one way or another. There are many ways that you can “give back” this Thanksgiving and I have listed a few of those for you below.
Shop for your Thanksgiving feast at your local farmers market. By shopping at your local farmers market you are helping to support local businesses and in turn that helps your local economy.
Use organic foods for your Thanksgiving meal. By choosing to use organic you are not only helping your family to be as healthy as they can be, you are also helping organic farmers as well.
Help out at a local food bank or soup kitchen a few hours on Thanksgiving Day. If you have children this is a great way to show your children how to help others who are less fortunate than they are.
There are many other ways you can give back this holiday season and a few more ideas:
Don’t forget that not everyone has as much as you do and that the holiday season is one of the best times of the year to help make a difference in someone else’s life. You may be tempted to forget about others and only think of yourself and your family during these busy holiday times but set aside a few hours each week for you and your family to help out those less fortunate and I promise that your holidays will be the best ever. A few ways you can do this are as follows.
Offer to buy your elderly neighbors Thanksgiving meal for him or her. You can also offer to cook their meal to help make the big day less stressful for them.
If you know that your elderly neighbor no longer has living family to spend the holidays with, invite them over to share in your families Thanksgiving feast.
Trust me when I say that your Thanksgiving holiday will be the best you ever had if you are only willing to open up your heart and home to others who don’t have as much to be thankful for this year. Perhaps you know of someone who has lost a loved one this past year that you can minister to in the ways mentioned above. If you don’t have a clue where to start in your venture of giving back this season, you can start at your local church or other organizations by asking where you can best be used.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
Every Monday, ORRA’s Monday Morning Quarterback Report gives you a snapshot of the previous week’s market activity, including sales, prices, days on market, and much, much more.
Monday Morning Quarterback for November 10th, 2024 – November 16th, 2024
Single-family existing homes
Sales of single-family homes decreased to 305 during the week of November 10, from 329 the week prior
The median price of single family homes increased to $457,500 a change of 8.9%
The number of single-family home foreclosure transactions increased to 2 from 1 the week prior
The number of single-family short-sale transactions decreased to 0 from 1 the week prior
Single-family inventory increased by 24, and now sits at 7,843.
Condos, townhomes, and villas
Sales of condos, townhomes, and villas decreased to 83 during the week of November 10, from 98 the week prior
The median price of condos, townhomes, and villas increased to $285,000 a change of 9.6%
The number of condo, townhome, and villa foreclosure transactions remains constant at 1
The number of condo, townhome and villa short-sale transactions remains constant at 0
Condo inventory increased by 43, and now sits at 3,835.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
Every Monday, ORRA’s Monday Morning Quarterback Report gives you a snapshot of the previous week’s market activity, including sales, prices, days on market, and much, much more.
Monday Morning Quarterback for October 27th, 2024 – November 2nd, 2024
Single-family existing homes
Sales of single-family homes increased to 493 during the week of October 27, from 440 the week prior
The median price of single family homes decreased to $415,000 a change of -3.3%
The number of single-family home foreclosure transactions increased to 5 from 3 the week prior
The number of single-family short-sale transactions remains constant at 0
Single-family inventory decreased by 73, and now sits at 7,678.
Condos, townhomes, and villas
Condos, townhomes, and villas
Condo inventory decreased by 58, and now sits at 3,735.
Sales of condos, townhomes, and villas increased to 132 during the week of October 27, from 98 the week prior
The median price of condos, townhomes, and villas decreased to $272,500 a change of -6.7%
The number of condo, townhome, and villa foreclosure transactions remains constant at 0
The number of condo, townhome and villa short-sale transactions remains constant at 0
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
New Orlando Regional REALTOR® Association data shows highest inventory in nearly ten years.
State of the Market
Inventory for September was recorded at 11,560, up 0.4% from August when inventory was recorded at 11,511. This is the ninth month in a row inventory has risen. The last time inventory was this high was September 2015.
Inventory in September 2024 was 71.1% higher than in September 2023.
September’s interest rate was recorded at 5.9%, down from 6.1% in August. This is the lowest interest rates have been since August 2022.
Homes spent an average of 58 days on the market (DOM) in September – up slightly from 57 in August.
This is a 41.5% increase compared to September 2023 when homes spent an average of 41 days on the market.
The median home price for September was recorded at $380,000, down from $384,500 in August.
Overall sales decreased by 15.3% from August to September. There were 2,655 sales in August and 2,249 sales in September.
Pending sales fell by 1.9%, with 3,556 in August and 3,490 in September.
New listings fell 8.5% from August to September, with 3,530 new homes on the market in September, compared to 3,856 in August.
“Lower interest rates and rising inventory levels are setting the stage for a balanced Orlando housing market as we enter Q4,” said Rose Kemp, President of the Orlando Regional REALTOR® Association. “With the Federal Reserve’s recent interest rate cuts and a significant increase in available homes, many buyers who have been waiting on the sidelines are now finding opportunities to achieve the American dream of homeownership.”
Market Snapshot
Interest rates fell from 6.1% in August to 5.9% in September.
Pending sales fell 1.9%, with 3,556 in August and 3,490 in September.
17 distressed homes (bank-owned properties and short sales) accounted for 0.8% of all home sales in September. This is a 54.5% increase from August, when 11 distressed homes sold.
Inventory
Orlando area inventory rose 0.4% from August to September. Inventory in August was 11,511, and inventory in September was 11,560.
The supply of homes rose to 5.14 months in September, up 18.6% from 4.34 months in August. A balanced market is six months of supply.
This is the highest supply of homes has been since January 2015.
The number of new listings decreased from August to September by 8.5% – from 3.856 homes to 3,530 homes.
ORRA’s full State of the Market Report for September can be found here.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
Every Monday, ORRA’s Monday Morning Quarterback Report gives you a snapshot of the previous week’s market activity, including sales, prices, days on market, and much, much more.
Monday Morning Quarterback for October 6th, 2024 – October 12th, 2024
Single-family existing homes
Sales of single-family homes decreased to 142 during the week of October 06, from 452 the week prior
The median price of single family homes increased to $439,950 a change of 3.5%
The number of single-family home foreclosure transactions decreased to 2 from 5 the week prior
The number of single-family short-sale transactions decreased to 0 from 3 the week prior
Single-family inventory decreased by 119, and now sits at 7,542.
Condos, townhomes, and villas
Sales of condos, townhomes, and villas decreased to 42 during the week of October 06, from 123 the week prior
The median price of condos, townhomes, and villas decreased to $282,500 a change of -5.8%
The number of condo, townhome, and villa foreclosure transactions remains constant at 0
The number of condo, townhome and villa short-sale transactions remains constant at 0
Condo inventory decreased by 13, and now sits at 3,720.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
New Orlando Regional REALTOR® Association data shows August’s interest rate was recorded at 6.1%, down from 6.6% in July. This is the lowest interest rates have been since August 2022.
State of the Market
“Interest rates have dropped to their lowest level since August 2022, providing much-needed relief for buyers,” said Rose Kemp, President of the Orlando Regional REALTOR® Association. “This decrease can significantly reduce monthly mortgage payments by hundreds of dollars. Additionally, buyers have more leverage and options, with homes staying on the market longer and inventory increasing. Now is the perfect time to explore the market, find your dream home, and secure a favorable rate.”
The median home price for August was recorded at $384,500, down from $390,000 in July.
Overall sales held steady from July to August. There were 2,655 sales in August, compared to 2,652 sales in July.
Inventory for August was recorded at 11,511, up 3.2% from July when inventory was recorded at 11,158. This is the eighth month in a row inventory has risen. The last time inventory was this high was September 2015. Inventory in August 2024 was 88.2% higher than in August 2023.
August’s interest rate was recorded at 6.1%, down from 6.6% in July. This is the lowest interest rates have been since August 2022.
11 distressed homes (bank-owned properties and short sales) accounted for 0.4% of all home sales in August. This is a 56.0% decrease
from July, when 25 distressed homes sold.
New listings fell 5.2% from July to August, with 3,856 new homes on the market in August, compared to 4,067 in July.
Interest rates: The average interest rate for a 30-year fixed mortgage in September was 5.9%, down from 6.1% in August. This marks the lowest rate since early 2023.
Increasing inventory: The number of homes for sale in September rose to 11,825, up from 11,511 in August. This is the ninth consecutive month of inventory growth.
Stable prices: The median home price in September was $383,000, slightly down from $384,500 in August.
You can find ORRA’s full State of the Market Report for August here.
This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.
ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.
Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
Every Monday, ORRA’s Monday Morning Quarterback Report gives you a snapshot of the previous week’s market activity, including sales, prices, days on market, and much, much more.
Monday Morning Quarterback for September 8th, 2024 – September 14th, 2024
Single-family existing homes
Sales of single-family homes increased to 405 during the week of September 08, from 331 the week prior
The median price of single family homes increased to $425,000 a change of 1.2%
The number of single-family home foreclosure transactions decreased to 1 from 2 the week prior
The number of single-family short-sale transactions increased to 1 from 0 the week prior
Single-family inventory increased by 95, and now sits at 7,544.
Condos, townhomes, and villas
Sales of condos, townhomes, and villas decreased to 105 during the week of September 08, from 120 the week prior
The median price of condos, townhomes, and villas decreased to $268,000 a change of -6.6%
The number of condo, townhome, and villa foreclosure transactions increased to 1 from 0 the week prior
The number of condo, townhome and villa short-sale transactions remains constant at 0
Condo inventory increased by 69, and now sits at 3,726.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
Every Monday, ORRA’s Monday Morning Quarterback Report gives you a snapshot of the previous week’s market activity, including sales, prices, days on market, and much, much more.
Monday Morning Quarterback for September 1st, 2024 – September 7th, 2024
Single-family existing homes
Sales of single-family homes decreased to 331 during the week of September 01, from 501 the week prior
The median price of single family homes remains constant at $420,000
The number of single-family home foreclosure transactions remains constant at 2
The number of single-family short-sale transactions remains constant at 0
Single-family inventory increased by 78, and now sits at 7,449.
Condos, townhomes, and villas
Sales of condos, townhomes, and villas decreased to 120 during the week of September 01, from 148 the week prior
The median price of condos, townhomes, and villas decreased to $287,000 a change of -7.6%
The number of condo, townhome, and villa foreclosure transactions remains constant at 0
The number of condo, townhome and villa short-sale transactions remains constant at 0
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
Every Monday, ORRA’s Monday Morning Quarterback Report gives you a snapshot of the previous week’s market activity, including sales, prices, days on market, and much, much more.
Monday Morning Quarterback for August 25th, 2024 – August 31st, 2024
Single-family existing homes
Sales of single-family homes increased to 501 during the week of August 25, from 424 the week prior
The median price of single family homes decreased to $420,000 a change of -2.3%
The number of single-family home foreclosure transactions remains constant at 2
The number of single-family short-sale transactions decreased to 0 from 1 the week prior
Single-family inventory decreased by 41, and now sits at 7,371.
Condos, townhomes, and villas
Sales of condos, townhomes, and villas increased to 148 during the week of August 25, from 120 the week prior
The median price of condos, townhomes, and villas increased to $310,750 a change of 11.5%
The number of condo, townhome, and villa foreclosure transactions decreased to 0 from 1 the week prior
The number of condo, townhome and villa short-sale transactions remains constant at 0
Condo inventory decreased by 8, and now sits at 3,657.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 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.
