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 December 29th, 2024 – January 4th, 2025
Single-family existing homes
Sales of single-family homes increased to 278 during the week of December 29, from 266 the week prior
The median price of single family homes decreased to $400,000 a change of -3.6%
The number of single-family home foreclosure transactions decreased to 1 from 4 the week prior
The number of single-family short-sale transactions remains constant at 0
Single-family inventory decreased by 143, and now sits at 7,337
Condos, townhomes, and villas
Sales of condos, townhomes, and villas decreased to 92 during the week of December 29, from 95 the week prior
The median price of condos, townhomes, and villas increased to $295,000 a change of 15.0%
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 decreased by 117, and now sits at 3,691
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.
“We have watched our market slowly settle over the last 12 months, and we now have what we consider a ‘balanced market’ for the first time in many years,” said Rose Kemp, president of the Orlando Regional REALTOR® Association. “As we near the end of 2024, I expect sales to cool as families focus on the holiday season, then ramp back up as we move toward springtime. Now is the perfect time to connect with your local REALTOR® to discuss your real estate goals for 2025. Start planning to take advantage of this balanced market’s exciting opportunities for buying or selling in the year ahead.”
The median home price for November was recorded at $380,000, down from $388,990 in October.
Overall sales decreased by 13.4% from October to November. There were 2,085 sales in October and 1,805 sales in November.
Inventory for November was recorded at 11,604, up 2.2% from October when inventory was recorded at 11,357.
November’s interest rate was recorded at 6.7%, up from 6.4% in October
16 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in November. This is a 5.9% decrease from October, when 17 distressed homes sold.
New listings fell 2.3% from October to November, with 3,185 new homes on the market in November, compared to 3,260 in October.
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.
The holidays are arguably the most festive time of the year. And for many people, part of that festiveness is plenty of festive, holiday-themed decorations. But if you’re selling your home, going too over-the-top with your decorations can put off potential buyers.
So, the question is, can you decorate your home for the holidays without hurting your home sale?
An article from realtor.com outlined the rules you need to follow if you want to get into the holiday spirit with your decorations without derailing your home sale, including:
Avoid personalized decorations. If you want to sell your home, potential buyers need to be able to picture themselves in the space. But if your home is plastered with personalized holiday decorations, it’s going to be nearly impossible to do that—so while you might love your personalized Christmas stockings or your array of holiday cards from friends and family, keep them packed away until your home is sold.
Go classic. Classic, elegant holiday decorations are always going to have a wider appeal to buyers than more kitschy, over-the-top decor.
Look to your neighbors. Your buyers are looking at your neighborhood just as much as they’re looking at your home—so when it comes to holiday decor, look to your neighbors for inspiration. If every home on your block is decked out for the holidays, you don’t want to skip decorating altogether—and, on the flip side, if your neighbors all opted out of holiday decorations, your don’t want to deck your home in bright lights and an avalanche of “Happy Holidays”-inspired decor.
Bottom line? It is possible to sell your home and decorate it for the holidays—as long as you decorate with potential buyers (and your home sale) in mind.
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 24th, 2024 – November 30th, 2024
Single-family existing homes
Sales of single-family homes decreased to 250 during the week of November 24, from 365 the week prior
The median price of single family homes increased to $435,000 a change of 1.2%
The number of single-family home foreclosure transactions increased to 3 from 1 the week prior
The number of single-family short-sale transactions remains constant at 0
Single-family inventory decreased by 152, and now sits at 7,694.
Condos, townhomes, and villas
Sales of condos, townhomes, and villas decreased to 70 during the week of November 24, from 102 the week prior
The median price of condos, townhomes, and villas remains constant at $263,000
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 91, and now sits at 3,787.
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 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.
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.
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.
When selling your home, the kitchen can be a make-or-break selling point. While a total overhaul is not necessary, you want the kitchen to look its very best so house hunters are wowed when they walk into the room.
Install new hardware on drawers and cabinets. Classic styles are best for a kitchen that will soon be on the market, and less expensive.
Spruce up the cabinets! White and other neutrals give a clean look and brighten up the space, and all work well with pops of trendy color around the kitchen.
Give your sink a makeover simply by replacing the faucet and the handles.
Refurbish with new cabinet doors. This can be a little more expensive, but not as costly as replacing all of the cabinetry. Something as simple as adding trim to create a paneled door-look can make your cabinets look custom! Find other great cabinet makeovers from Better Homes & Gardens®.
Adding a tile backsplash gives a whole new look to your kitchen, and it is an easy DIY task. Ask This Old House shows step-by-step how to use adhesive mats and mosaic tile sheets for this kitchen improvement.
If the countertops are dated and unattractive, upcycle them with laminate if you have intermediate carpentry skills. If not, hire a pro for the job. Styles of laminate sheeting include look-alike marble and faux granite and can be purchased or ordered from your local home center.
Flooring is important in the kitchen, and in case you have spruced up the cabinets or added a new backsplash and the floors simply do not work well anymore, there are some affordable ways to improve it. The Spruce offers four types of flooring that look great and will not break the bank.
Whether you decide to make just one change, (or several!), create a budget, stick to it, and stretch the makeover out over a few months to keep from overspending. For potential buyers to come in and see a clean, new-looking kitchen shows them you care enough about the future owners to improve this much-used space. If your budget does not allow for a lot of improvements, remember that a simple update can make a big impact.
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.
Sometimes it’s necessary to leave your old home before it sells, and even if it’s in a safe community, there are steps that should be taken to make sure the home and its components are secure. Criminals are pretty savvy these days, and you don’t want your home compromised, especially when potential buyers are there for a showing.
First and foremost, make sure all your doors and windows are locked. Most of those who are looking for easy access will find it. They don’t care to draw attention to themselves by smashing windows and creating a lot of noise.
Check with your insurance agent and make sure you’re covered properly for a vacant house.
Talk to your RealtorⓇ about the lockbox that will be placed on your entryway. Make certain it’s electronic, because the agent can not only get in without a key, but can keep track of who’s used the lockbox to enter, and when.
If you don’t already, have motion sensor floodlights installed around the perimeter of your home. This will help deter anyone who is creeping around after dark.
Ask a relative, trusted neighbor or hire someone with good references to keep an eye on things, especially if you’ve moved more than a short drive away. If you have a neighbor whose driveway is close by, ask if they would be willing to use your driveway to park in.
The landscaping should be maintained to keep any suspicion that you’re not there, and it should be taken care of by a reputable landscaper. Your RealtorⓇ should be able to help you find someone for this job.
Secure outdoor components–your light fixtures and even the HVAC unit can be stolen, and it’s not as uncommon as you’d think. The light fixtures can be motion-detection activated, and the HVAC unit circuit box can be locked, and make it more difficult to get to with fencing or a security cage.
A home security system is now more affordable than ever, and you don’t have to pay a monthly service fee to a company. Do some online research and find a system that connects wirelessly and has a coordinating smartphone app. You can keep an eye on things yourself, and if there’s anything suspicious, call your contact and ask them to check your house for you.
The cost of keeping your electricity and Wi-Fi connected to the vacant house can’t compare to the peace of mind and protection it can offer while selling your home. That doesn’t count the money you would save from repairs for damage or stolen items to be replaced. Protect your investment by protecting your vacant house while it waits for new owners.
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.
Once you decide to sell your home, you want it to look its best, and a total remodel may be out of your budget. Thankfully, there are some quick and affordable updates to add to your home to give it some extra style and character, not to mention the added value!
You can add crown molding to your rooms with little carpentry know-how. Plaster-covered foam molding is available in many styles, and anyone with a measuring tape, hand saw and some paint can install it. This Old House has a how-to for this easy update.
Clean up and, if necessary, paint your front entry door. Add a new light sconce, and get a new welcome mat.
Electrical outlets are usually not something you think about upgrading, but outlets with a built-in USB port are available at home centers, and are impressive to potential home buyers because of the convenience they offer. Put them near the kitchen counter, and a few in the bedrooms for easy access.
Cleaning the grout in the bathrooms, or even re-grouting can make your floor and tile look shiny-new.
Upgrade your doors’ and cabinets’ hardware for every room if it’s outdated.
Paint rooms a neutral color; grey and beige–even a mix called “greige”–are trendy right now if you don’t want all-white walls.
Add potted flowers or plants to your front entry for a welcome sight–just don’t forget to water them!
Check your crawl space for any falling insulation, and replace it.
Change out any dated light sconces and chandeliers.
A new shower curtain and decorative towels can do wonders for your bathroom.
The right backsplash in the kitchen can really make it stand out and look like new. There are many DIY options, and the self-stick products on the market now make this task go much faster for the novice.
A chair rail and wainscoting in the dining area adds a nice eye-catching architectural detail.
Most experts advise taking down your window curtains while your home is on the market, but you want some color on the windows. A cornice box is an easy project to try, and cover them with your (now) old curtain fabric.
You want your home to make a great impression as soon as a possible new owner walks to the front door. Small details can make a big impact on their decision, and as the seller, it’s your call on what makes your home sell. Walk through with your Realtor, and ask for suggestions from them, as they are the expert. Tackle what projects are within your budget, and hopefully you’ll soon be reaping the rewards!
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.
