Orlando FL Real Estate Market Trends – August 2013
August 25th, 2013 by tisnerThe cost of buying a Orlando FL home is going up. What’s behind the rise in interest rates? Is now still a good time to buy? Here’s an interesting video explaining a little bit about why mortgage rates are rising. There’s also a little bit in here about how “staying on the fence” could lead to a higher monthly payment.
Rates are still historically low and it’s a great time to buy. Wondering if now is the time for you to buy a Orlando FL home? Give us a call! We’ll help lay out your options so you can make an informed decision.
Take a look at sales figures in our local real estate market for July 2013.
Orange County Real Estate Sales Statistics – July 2013
Orange County saw 212 more homes sold in July 2013 than July 2012, a 12 percent increase. The average sales price increased by 19 percent and the median sales price increased by 22 percent from July 2012. Market times decreased by 22 days or 15 percent.
| Orange County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| July 2013 | 1,748 | $ 210,744 | $ 165,000 | 123 |
| July 2012 | 1,536 | $ 171,471 | $ 129,250 | 145 |
Osceola County Real Estate Sales Statistics – July 2013
Osceola County homes saw home sales increased by 40 homes, a 7 percent increase. Prices increased with the average sales price up 22 percent and the median price increased by 21 percent. Market Times decreased by 23 days compared to July 2012.
| Osceola County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| July 2013 | 542 | $ 169,109 | $ 138,804 | 135 |
| July 2012 | 502 | $ 132,280 | $ 110,000 | 158 |
Seminole County Real Estate Sales Statistics – July 2013
Seminole County residential sales increased by 14 percent with 97 more homes sold in July 2013. The average sales price increased by 16 percent, and the median sales price increased by 18 percent compared to July 2012 levels. Market times decreased by 25 days or 17 percent.
| Seminole County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| July 2013 | 680 | $ 204,632 | $ 170,000 | 121 |
| July 2012 | 583 | $ 171,403 | $ 139,000 | 149 |
Lake County Real Estate Sales Statistics – July 2013
Residential sales in Lake County increased with 126 more homes sold a 23 percent increase. The average sales price increased by 15 percent, and the median sales price increased by 18 percent for the month compared to July 2012. Market times decreased by 22 days.
| Lake County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| July 2013 | 542 | $ 152,912 | $ 140,000 | 158 |
| July 2012 | 416 | $ 130,315 | $ 115,000 | 180 |
Polk County Real Estate Sales Statistics – July 2013
Polk County saw 98 more homes sold in July 2013 compared to July 2012. The average sales price increased by 12 percent, and the median sales price increased by 16 percent. Market times decreased by 13 days compared to July 2012.
| Polk County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Time |
| July 2013 | 789 | $ 130,061 | $ 114,900 | 147 |
| July 2012 | 696 | $ 114,048 | $ 96,995 | 160 |
It’s still a great time to get your best price on an Orlando home.
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Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 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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