MENU
In the midst of a bustling home buying and selling season, National Homeownership Month takes center stage in June, highlighting the cherished American dream of owning a home. For families, neighborhoods, and communities, the benefits of homeownership are invaluable. ORRA's dedicated members play a pivotal role in turning this dream into reality for countless individuals and families in the Orlando region.
Within Seminole County, the real estate landscape paints a picture of a sizzling seller's market, echoing the fervor seen nationwide. ORRA's latest Seminole Market Report (February-April) reveals staggering statistics.
The fervent pace in Seminole's housing market mirrors the broader Orlando region's trajectory, foretelling an upsurge in sales as the summer real estate season unfolds.
Homes are flying off the market, with the median days plummeting to a mere 17, a staggering 70% drop from April 2020. The rate of inventory turnover hit a high of 138% in April, indicating a soaring demand. Moreover, new listings surged by 36% compared to the previous year, propelling the median listing price to $398,450, a notable 5.7% increase.
Yet, this flourishing market grapples with limited inventory. Active listings nosedived by 63% compared to the previous year, dwindling the available supply to a mere .7 months in April, down from two months in April 2020.
ORRA continues its mission, celebrating the creation of vibrant communities across Central Florida, while lauding its members' unwavering dedication in transforming homeownership aspirations into tangible reality for numerous residents.