Orlando Real Estate Market Trends – August 2011
September 26th, 2011 by tisnerA number of research studies have shown that home ownership provides social and societal benefits. Not only is home ownership one of the best ways to build long-term wealth, providing resources for a more comfortable retirement, but it also fosters an immeasurable sense of community and stability vital to growing families. NAR’s “Social Benefits of Homeownership and Stable Housing” report reveals that home owners are happier and healthier. They tend to vote more, volunteer more and contribute more to their neighborhoods. Home owners do not move as frequently as renters, which encourages more neighborhood stability, and children of home owners are more likely to participate in organized activities and spend less time in front of the television.
Now take a look at how the Orlando market performed in August.
Orange County Real Estate Sales Statistics – August 2011
Orange County saw 173 fewer homes sold in August 2011 than August 2010. A 10 percent decrease. The average sales price increased by 9 percent and the median sales price increased by 19% from August 2010. Market times increased by 20 days or 20 percent.
| Orange County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| Aug 2011 | 1,531 | $154,748 | $118,000 | 100 |
| Aug 2010 | 1,704 | $141,426 | $95,000 | 80 |
Osceola County Real Estate Sales Statistics – August 2011
Osceola County homes saw home sales decrease by 173 homes, a 27 percent drop. Prices decreased with the average sales price down 12 percent. The median price decreased 2 percent. Market Times increased by 24 days or 24 percent.
| Osceola County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| Aug 2011 | 461 | $113,627 | $90,000 | 99 |
| Aug 2010 | 634 | $128,434 | $91,500 | 75 |
Seminole County Real Estate Sales Statistics – August 2011
Seminole County residential sales increased by 7 percent with 39 more homes sold in August 2011. The averages sales increased 11 percent and the median sales price increased by 18 percent from August 2010 levels. Market times increased by 16 days or 16 percent.
| Seminole County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| Aug 2011 | 565 | $165,743 | $130,000 | 101 |
| Aug 2010 | 526 | $147,083 | $106,050 | 85 |
Lake County Real Estate Sales Statistics – August 2011
Residential sales in Lake County increased with 67 additional homes sold for a 17 percent increase. The average sales price increased by 20 percent, and the median sales price decreased by 14 percent during the same time period. Market times increased by 20 days or 14 percent.
| Lake County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| Aug 2011 | 399 | $118,642 | $105,500 | 139 |
| Aug 2010 | 332 | $148,473 | $122,000 | 119 |
Polk County Real Estate Sales Statistics – August 2011
Polk County saw 22 fewer homes sold, a 3 percent decrease. The average sales price increased by 1 percent, while the median sales price decreased by 7 percent. Market times increased by 25 days or 21 percent.
| Orange County | Homes Sold | Average Sales Price | Median Sales Price | Average Market Times |
| Aug 2011 | 626 | $103,946 | $82,070 | 120 |
| Aug 2010 | 648 | $102,869 | $88,250 | 95 |
Now is the time to get your best price on an Orlando home, before the prices move upward.
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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.
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