News & Information: Real Estate News

30 percent of Orlando homes sold in May spent less than 8 days on the market

Thursday, July 6, 2017  
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pending home sale

The days-on-market statistic never fails to yield fascinating information and uncover hidden trends!

May 2017 - Listing to Pending by Weeks

More than 56 percent of Orlando homes that closed during the month of May moved from listing to pending in four weeks. Not only that, but nearly 30 percent went on and then off the market in just one week.

1 Week - 1,136 homes (29.8 percent of all sales)
2 Weeks - 447 homes (11.7 percent of all sales)
3 Weeks - 291 homes (7.6 percent of all sales)
4 Weeks - 284 homes (7.4 percent of all sales)
4-plus Weeks - 1,659 homes (43.5 percent of all sales)

May 2017 - Listing to Pending by Days

Believe it or not, there were even homes sold in May that listed and went pending on the very same day!

0 Days - 156 homes (4.1 percent of all sales)
1 Day - 110 homes (2.9 percent of all sales)
2 Days - 151 homes (4.0 percent of all sales)
3 Days - 167 homes (4.4 percent of all sales)
4 Days - 163 homes (4.3 percent of all sales)
5 Days - 143 homes (3.8 percent of all sales)
6 Days - 136 homes (3.6 percent of all sales)
7 Days - 110 homes (2.9 percent of all sales)
0 to 7 Days - 1,136 homes (29.8 percent of all sales)

January to May 2017 - Listing to Pending by Duration

By far, Orlando homes that sold during May either came under contract within one week or beyond one month. Let’s see how that trend persisted — and evolved — from the start of the year to midst of Orlando’s traditional homebuying season.

January
0 to 7 Days - 461 homes (20.3 percent of all sales)
31-plus Days - 1,180 homes (53.3 percent of all sales)
February
0 to 7 Days - 525 homes (21.2 percent of all sales)
31-plus Days -
1,363 homes (54.9 percent of all sales)
March
0 to 7 Days - 902 homes (25.9 percent of all sales)
31-plus Days -
1,672 homes (48.1 percent of all sales)
April
0 to 7 Days -
886 homes (28.7 percent of all sales)
31-plus Days - 1,390 homes (45.0 percent of all sales)
May
0 to 7 Days - 1,136 homes (29.8 percent of all sales)
31-plus Days - 1,659 homes (43.5 percent of all sales)


 


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