Released March 17, 2014
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median price of all existing homes combined sold in February 2014 — $158,000 — is
an 18.80 percent increase from the $133,000 median price recorded in February 2013.
median price for “normal” existing homes sold in February is $178,500, an increase
of 12.26 percent from the median price of “normal” existing homes in February
year-to-year median price for short sales increased by 18.30 percent in February,
while the median price for bank-owned sales increased by 0.67 percent.
year-over-year median price for single-family homes increased by 17.69 percent,
and the median price for condos increased 16.40 percent.Sales
home sales (all home types and all sales types combined) in February 2014 were down
17.26 percent when compared to February of 2013 and up 1.48 percent when
compared to January 2014.*Single-family
home sales in the Orlando area decreased by 16.71 percent in February when
2013 and increased 2.81 percent compared to January 2014. Condo sales decreased
by 18.40 percent year to year; townhomes and villa sales decreased by 19.91
the 1,917 sales in February, 1,260 normal sales accounted for 65.73 percent of
all sales, while 471 bank-owned and 186 short sales respectively made up 24.57
percent and 9.70 percent.
number of normal sales in February increased by 0.72 percent compared to February
2013, while short-sales decreased 63.53 percent and foreclosures decreased by 15.29
*The 7,085 pendings in February of this year is a decrease of
19.72 percent compared to the 8,825 pendings in February of last year (and a 9.67
percent increase compared to the 6,460 pendings last month).
*Short sales made up 45.42 percent of pendings in February, a
decline of 40.99 percent from February of last year. Normal properties
accounted for 35.67 percent (an increase of 10.30 percent) and bank-owned
properties accounted for 18.91 percent (an increase of 23.96 percent).
of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and
Seminole counties) in February were down by 16.63 percent when compared to
February of 2013. Throughout the MSA, 2,337 homes were sold in February 2014
compared with 2,803 in February 2013. Today, MSA sales are down 10.88 percent.
individual county’s monthly sales comparisons are as follows
- Lake: 6.20 percent
above February 2013;
- Orange: 21.26 percent
below February 2013;
- Osceola: 16.56 percent below
February 2013; and
- Seminole: 21.04 percent
below February 2013.
*There are currently 10,184 homes available
for purchase through the MLS. The February 2014 overall inventory level is 41.78
percent higher than it was in February 2013; inventory is up 2.59 percent
compared to January 2014.
inventory of normal sales increased 51.64 percent compared to February 2013,
while foreclosure inventory is up 111.59 percent and short sales are down 18.31
single-family home inventory is up 44.01 percent; condo inventory is up 34.29 percent.
current pace of sales translates into 5.31 months of inventory supply.
contracts are down 0.55 percent compared to February of 2013. New listings are up
Orlando affordability index decreased to 183.65 percent in February. First-time
homebuyer affordability in February decreased to 130.60 percent.
of all types spent an average of 76 days on the market before coming under
contract in February 2014, and the average home sold for 96.63 percent of its