Released February 17, 2014
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home sales (all home types and all sales types combined) in January 2014 were down
10.67 percent when compared to January of 2013 and down 26.32 percent when compared
to December 2013.
home sales in the Orlando area decreased by 11.38 percent in January when
2013 and decreased 28.57 percent compared to December 2013. Condo sales decreased
by 13.91 percent year to year; townhomes and villa sales inched up by 0.54
the 1,800 sales in January, 1,126 normal sales accounted for 62.56 percent of
all sales, while 463 bank-owned and 211 short sales respectively made up 25.72
percent and 11.72 percent.
number of normal sales in January increased by 13.05 percent compared to January
2013, while short-sales decreased 56.13 percent and foreclosures decreased by 13.94
*The 6,460 pendings in January of this year is a decrease of
23.39 percent compared to the 8,432 pendings in January of last year (and a 7.20
percent increase compared to the 6,062 pendings last month).
*Short sales made up 48.98 percent of pendings in January, a
decline of 41.81 percent from January of last year. Normal properties accounted
for 32.76 percent (an increase of 9.92 percent) and bank-owned properties
accounted for 18.27 percent (and increase of 10.28 percent).
of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and
Seminole counties) in January were down by 8.53 percent when compared to January
of 2013. Throughout the MSA, 2,230 homes were sold in January 2014 compared
with 2,438 in January 2013.
individual county’s monthly sales comparisons are as follows:
- Lake: 0.52 percent below
- Orange: 10.31 percent below
- Osceola: 11.56 percent below
January 2013; and
- Seminole: 7.85 percent below
median price of all existing homes combined sold in January 2014 — $149,950 — is
an 18.07 percent increase from the $127,000 median price recorded in January 2013.
median price for "normal” existing homes sold in January is $171,750, an increase
of 10.81 percent from the median price of "normal” existing homes in January
year-to-year median price for short sales increased by 11.11 percent to $120,000
in January, while the median price for bank-owned sales increased by 11.92 percent
are currently 9,927 homes available for purchase through the MLS. The January
2014 overall inventory level is 35.32 percent higher than it was in January 2013;
inventory is up 5.37 percent compared to December 2013.
inventory of normal sales increased 45.72 percent compared to January 2013,
while foreclosure inventory is up 103.25 percent and short sales are down 20.17
single-family home inventory is up 38.32 percent; condo inventory is up 19.32 percent.
current pace of sales translates into 5.52 months of inventory supply.
contracts are down 6.79 percent compared to January of 2013. New listings are up
Orlando affordability index increased to 191.09 percent in January. First-time
homebuyer affordability in January increased to 135.89 percent.
*Homes of all types spent an average of 72 days on the
market before coming under contract in January 2014, and the average home sold
for 96.35 percent of its listing price.