Orlando FL Real Estate Market Trends – Sept 2013
October 4th, 2013 by tisnerThe American Dream of homeownership is alive and well, according to a majority of renters surveyed for the NAR 2013 National Housing Pulse Survey. The survey found that more renters are thinking about becoming homeowners than in past years and the number of Americans who prefer to rent is declining. Thirty-six percent of renters said they were thinking about purchasing a home, compared to only 25 percent in 2011.
Americans’ concerns about home values continuing to drop have also diminished. A majority of respondents revealed that housing prices in their area are higher than last year, and 38 percent reported an increase in local housing market activity in the past year.
Take a look at sales figures in our local real estate market for August 2013.
Orange County Real Estate Sales Statistics – August 2013
Orange County saw 31 fewer homes sold in August 2013 than August 2012, a 2 percent decrease. The average sales price increased by 23 percent and the median sales price increased by 27 percent from August 2012. Market times decreased by 25 days or 17 percent.
| Orange County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| August 2013 | 1,697 | $ 217,289 | $ 167,000 | 120 |
| August 2012 | 1,728 | $ 168,183 | $ 122,100 | 145 |
Osceola County Real Estate Sales Statistics – August 2013
Osceola County homes saw home sales increased by 39 homes, a 7 percent increase. Prices increased with the average sales price up 12 percent and the median price increased by 23 percent. Market Times decreased by 15 days compared to August 2012.
| Osceola County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| August 2013 | 555 | $ 159,313 | $ 138,000 | 135 |
| August 2012 | 516 | $ 139,493 | $ 106,000 | 150 |
Seminole County Real Estate Sales Statistics – August 2013
Seminole County residential sales increased by 9 percent with 63 more homes sold in August 2013. The average sales price increased by 16 percent, and the median sales price increased by 13 percent compared to August 2012 levels. Market times decreased by 26 days or 18 percent.
| Seminole County |
Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| August 2013 | 697 | $ 201,496 | $ 161,000 | 121 |
| August 2012 | 634 | $ 169,341 | $ 139,400 | 147 |
Lake County Real Estate Sales Statistics – August 2013
Residential sales in Lake County increased with 29 more homes sold a 6 percent increase. The average sales price increased by 14 percent, and the median sales price increased by 14 percent for the month compared to August 2012. Market times decreased by 22days.
| Lake County |
Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| August 2013 | 487 | $ 153,979 | $ 138,500 | 152 |
| August 2012 | 458 | $ 132,116 | $ 119,250 | 174 |
Polk County Real Estate Sales Statistics – August 2013
Polk County saw 21 more homes sold in August 2013 compared to August 2012. The average sales price increased by 20 percent, and the median sales price increased by 24 percent. Market times decreased by 20 days compared to August 2012.
| Polk County |
Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| August 2013 | 756 | $ 132,732 | $ 119,450 | 150 |
| August 2012 | 735 | $ 105,593 | $ 91,000 | 170 |
It’s still a great time to get your best price on an Orlando home.