Orlando Home Prices Appreciate 5.7% (2017 to 2018)

Winter Park 03 | Luxury Real Estate, Orlando FL

Orlando’s annual median home price for 2018 ($232,500) is 5.7 percent higher than the 2017 annual median price ($220,000) thanks to another 12 consecutive months of year-over-year price increases, according to the Orlando Regional REALTOR® Association’s year-end report.

Orlando home sales completed during 2018 racked up a final tally of 36,048, which is 3.2 percent below the cumulative sales total of 37,237 for 2017. By comparison, annual sales in 2017 were 3.9 percent greater than in 2016.

Orlando’s 2019 Market: Good news for prospective buyers

ORRA President Jeffrey M. Fagan, Watson Realty Corp., sees Orlando’s 2019 market as a bright spot for the aspiring homebuyers who have struggled with competition, rocketing prices, and taking inventory for the past several years.

“As evidenced by slipping sales in the last months of 2018, we expect Orlando’s year-over-year sales to further decline in 2018. Such a slowdown will help the market to finally move toward a better balance between buyers and sellers.”

“We also expect the market’s median price to either continue rising in very small increments or to even experience slight declines,” continues Fagan. “Along with an anticipated increase in inventory, this is more good news for prospective buyers.”

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Full article originally published on the Orlando Regional Realtor Association website

Orlando is the #2 Real Estate Market in the US (2019)

Downtown Orlando 02 | Luxury Real Estate, Orlando FL

Orlando is the leading destination for a surge of new residents flocking to the South in search of affordability and jobs. The City Beautiful, which at 2.8 percent had the biggest population increase of the nation’s most lively housing markets, has been named the second hottest market in the country by Zillow.

To find the hottest housing markets, Zillow looked for places where it expects home values and rents will outpace the nation in 2019, strong income growth, good job opportunities with low unemployment rates and a growing population.

Top 10 U.S. Housing Markets for 2019

  1. San Jose, Calif.
  2. Orlando, Fl.
  3. Denver, Colo.
  4. Atlanta, Ga.
  5. Minneapolis, Minn.
  6. San Francisco, Calif.
  7. Dallas, Texas
  8. Nashville, Tenn.
  9. Jacksonville, Fl.
  10. San Diego, Calif.

Read the complete study on Zillow.com

Original article published on the Orlando Regional Realtor Association website