The real estate market is booming in Orlando as demand far exceeds supply. Local housing inventory has fallen to its lowest levels this year as prices ticked up, according to an Orlando Regional Realtor Association report. In total, about 6,200 homes were available for purchase in Central Florida in July, down 22.5% from roughly 8,000 homes in July 2019. Orlando’s overall median price for all home types sold in July was 0,000, which was a 9.2% increase year over year. That price was also a 1.9% improvement compared to June’s median price of 5,000. Those figures include Lake, Orange, Osceola and Seminole counties. In addition, the number of home sales are up. In total, 3,679 homes were sold in July, up 1.4% year over year and up 18.6% from June 2020.
More info on The real estate market is booming in Orlando, Florida
-
Florida real estate investment firm buys Park Plaza mall
Boca Raton, Florida-based Second Horizon Capital announced Tuesday (March 28) it has acquired Park Plaza Mall in Midtown Little Rock. Terms of the deal were not disclosed. The 268,000 square-foot ...
-
THE LIST: Florida lawmakers with real estate, construction and development ties
The Florida House GOP website states that McClure “currently owns a consulting business specializing in small- to mid-market ... Real Estate in Lake Mary. OCCUPATION: “Attorney.” Of counsel with ...
-
Home Flipping Profits in U.S Drop to 14 Year Low
But profits for home flippers had begun diminishing in 2017 even as the broader housing market was booming. "Last Year ... MN (up 72.8 percent) and Orlando, FL (up 72.2 percent). The only metro areas ...
-
It’s Not Just Florida, Southeast Region Leads the Nation in Key Growth Metrics
The Southeast has been the national darling for demographic, economic and commercial real estate growth in recent years for good reason.
-
A tale of two housing markets: prices fall in the West while the East booms
In all of the 12 major housing markets west of Texas, plus Austin, home prices fell in January on an annual basis, according to mortgage-data firm Black Knight Inc.’s home-price index.
-
NYC remains the most expensive real estate market in world: Report
Despite once again taking the highest slot, New York’s real estate growth in 2022 was significantly smaller than other 1-percenter cities: While Los Angeles saw its market prices surge by 8% ...
-
Buying a house in Orlando: A how-to
If you’ve been dreaming of buying a house in Orlando, 2023 might be the year to make your move. The city’s housing inventory increased by 140 percent between February 2022 and February 2023, according ...
-
HOME FLIPPING REMAINS UP IN 2022 ACROSS U.S. BUT GROSS PROFITS FALL TO ANOTHER LOW
HOME FLIPPING REMAINS UP IN 2022 ACROSS U.S. BUT GROSS PROFITS FALL TO ANOTHER LOW Mar (PRNewswire via COMTEX) -- PR Newswire IRVINE, Calif., ...
-
Mansion Global Daily
Former RadioShack CEO to Auction Texas Mansion, L.A. Expects to Raise $672 Million in First Year of New Mansion Tax, and More A stately mansion in Fort Worth, Texas, belonging to Leonard Roberts, the ...
-
Stiles Expands in Tampa Market, Appoints Director in West Coast, FL
Stiles, a leading commercial real estate development ... Tampa market with the promotion of Austin Freedman to Director of Retail and Commercial Development – West Coast, FL.
-
US jobless aid claims fell last week as layoffs remain low
Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation ...
-
Home values, sales in Orlando on the rise, according to new report
The spike comes just one month after the Orlando housing market hit its lowest point in sales since January 2009.