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Wendy Morris Realty Market Update May 2019

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Thu, May 23, 2019 at 9:30AM

Wendy Morris Realty Market Update May 2019

ORLANDO CURRENT MARKET REPORT

Single-Family Existing Homes

  • Sales of single-family homes increased to 612 during the week of May 12, from 519 the week prior
  • The median price of single family homes increased to $268,000, a change of 1.5%
  • The number of single-family home foreclosure transactions increased to 15 last week, from 11 the week of May 5
  • The number of single-family home short-sale transactions remained constant at 3
  • Single-family inventory increased by 37, and now sits at 7,013

Condos, Townhomes, and Villas

  • Sales of condos, townhomes, and villas increased to 180 during the week of May 12, from 150 the week prior
  • The median price of condos, townhomes, and villas decreased to $165,500, a change of -3.3%
  • The number of condo, townhome, and villa foreclosure transactions increased to 5 last week, from 4 the week of May 5
  • The number of condo, townhome and villa short-sale transactions increased to 1 from 0 the week prior
  • Condo inventory decreased by 17, and now sits at 1,844

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