mortgage rates

Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:

  • 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
  • 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.

With rates like this, is it time for you to buy a home? If so, just hit reply to get started!

Take a look at how many folks bought homes in our market last month…

Orlando Real Estate Market Trends

Orange County Real Estate Sales Statistics – September 2016

Orange County home sales increased by 0.21%. Prices increased with the average sales price up 12.2% and the median price increased by 11.5%.  Market times decreased by 3 days compared to Sept 2015.

Orange
County		 Homes
Sold		 Average
Sales Price		 Median
Sales Price		 Average
Market Times 
Sept 2016 1,835 $265,777 $220,000 56
Sept 2015 1,831 $236,802 $197,000 59

Osceola County Real Estate Sales Statistics – Sept 2016

Osceola County home sales decreased by 6.53%. Prices increased with the average sales price up 10.8% and the median price decreased by 12.12%.  Market times decreased by 2 days compared to Sept 2015.

Osceola
County		 Homes
Sold		 Average
Sales Price		 Median
Sales Price		 Average
Market Times 
Sept 2016 558 $204,071 $185,000 66
Sept 2015 597 $201,881 $165,000 68

Seminole County Real Estate Sales Statistics – September 2016

Seminole County home sales increased by 3.52%. Prices increased with the average sales price up 10.69% and the median price increased by 12.69%.  Market times decreased by 4 days compared to Sept 2015.

Seminole
County		 Homes
Sold		 Average
Sales Price		 Median
Sales Price		 Average
Market Time 
Sept 2016 735 $244,300 $217,500 48
Sept 2015 710 $220,698 $193,000 52

Lake County Real Estate Sales Statistics – September 2016

Residential sales in Lake County home sales increased by 1.86%. Prices increased with the average sales price up 9.80% and the median price increased by 13.71%.  Market times decreased by 5 days compared to Sept 2015.

Lake
County		 Homes
Sold		 Average
Sales Price		 Median
Sales Price		 Average
Market Time 
Sept 2016 602 $198,201 $192,750 73
Sept 2015 591 $180,501 $169,500 78

Polk County Real Estate Sales Statistics – September 2016

Polk County home sales increased by 6.64%. Prices increased with the average sales price up 9.36% and the median price increased by 10.71%.  Market times decreased by 13 days compared to Sept 2015.

Polk
County		 Homes
Sold		 Average
Sales Price		 Median
Sales Price		  Average
Market Time
Sept 2016 947 $160,135 $155,000 66
Sept 2015 893 $146,421 $140,000 79

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Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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