Central Florida real estate market update

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The Central Florida real estate market continues to show that right now is an opportune time for Buyers and Sellers. If you've been thinking about selling your home in Central Florida but can't quite seem to bite the bullet, this is the proof. Or if you are on the other end of the real estate perspective and have been thinking about buying a first home in Central Florida (or wanting to move up from your starter home) these numbers tell you that right now is the time to do just that.

Median home prices are up and the sold price to list price ratios are up (always good when you are the Seller!). The amount of active listings is growing, giving any Buyer a bigger inventory to look from when trying to find the perfect home. We hope our monthly market updates (including our May 2014 market update) help with your real estate needs when it comes to buying or selling your next home in Central Florida.

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In the Orlando region (Orange, Osceola, Seminole and Lake counties), the median sales price increased by 5.3% compared to June 2013 coming in at $163,987 for June 2014. While this month's numbers were not as impressive as prior months, Buyers are still coming off the sidelines and into the marketplace looking for their piece of the American Dream. As we approach the fall buying and selling season, Buyers will be happy to know we are seeing inventory levels increase with 13,067 active homes on the market in Central Florida. If you are considering buying a home, contact an Accredited Buyers Representative (ABR) now to decide if this is the right time for you to buy your first (or next!) home.

Median Sales Price (% Chg)

Orange - $177,000 (+10.6%)

Osceola - $147,000 (+3.9%)

Seminole - $182,000 (+13.8%)

Lake - $149,950 (+7.1%)

Active Listings (% Chg)

Orange - 6,121 (+76.75%)

Osceola - 2,409 (+63.21%)

Seminole - 2,003 (+48.04%)

Lake - 2,534 (+21.71%)