Released December 16, 2013
»Expanded talking points
»Detailed statistical reports, video
home sales (all home types and all sales types combined) in November 2013 were down
19.22 percent when compared to November of 2012 and down 13.26 percent when compared
to October 2013.
home sales in the Orlando area decreased by 18.73 percent in November when
compared to November
of last year. Villa sales decreased by 7.56 percent; condo sales decreased 28.21
the 2,068 sales in November, 1,368 normal sales accounted for 66.15 percent of
all sales, while 422 bank-owned and 278 short sales respectively made up 20.41
percent and 13.44 percent.
number of normal sales in November increased by 7.89 percent compared to November
2012, while short-sales decreased 62.88 percent and foreclosures decreased by 22.28
*The 6,520 pendings in November of this year is a decrease of
26.30 percent compared to the 8,847 pendings in November of last year (and a 8.16
percent decrease compared to the 7,099 pendings last month).
*Short sales made up 52.15 percent of pendings in November. Normal
properties accounted for 33.13 percent and bank-owned properties accounted for 14.72
*Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola,
and Seminole counties) in November were down by 17.04 percent when compared to November
of 2012. Throughout the MSA, 2,502 homes were sold in November 2013 compared
with 3,016 in November 2012. To date, sales throughout the MSA are 4.95 percent
above this time last year.
individual county’s monthly sales comparisons are as follows:
- Lake: 3.02 percent above
- Orange: 20.25 percent below
- Osceola: 15.10 percent below
November 2012; and
- Seminole: 23.71 percent below
median price of all existing homes combined sold in November 2013 — $155,000 — is
a 21.14 percent increase from the $127,950 median price recorded in November 2012.
median price for "normal” existing homes sold in November is $177,000, an increase
of 14.19 percent from the median price of "normal” existing homes in November
year-to-year median price for short sales increased by 12.05 percent to $123,250
in November, while the median price for bank-owned sales increased by 2.81
percent to $91,500.
are currently 9,609 homes available for purchase through the MLS. The November
2013 overall inventory level is 22.45 percent higher than it was in November
2012; inventory is up 1.47 percent compared to October 2013.
single-family home inventory is up 21.77 percent; condo inventory is up 19.67 percent.
current pace of sales translates into 4.65 months of inventory supply.
contracts are down 12.19 percent compared to November of 2012. New listings are
up 7.58 percent.
Orlando affordability index decreased to 186.96 percent in November. First-time
homebuyer affordability in November decreased to 132.95 percent.
of all types spent an average of 66 days on the market before coming under
contract in November 2013, and the average home sold for 96.69 percent of its