Each month, Dream Builders Realty shares the most up-to-date information regarding the Central Florida real estate market. These numbers are beneficial to you as a home buyer or seller because they provide insight on what is happening in the local market and can be used as a starting off point in your next big real estate adventure.
We hope our monthly Central Florida real estate market updates (including our April 2015 real estate market update where you can compare the previous month's numbers to this month's numbers) help with your real estate needs when it comes to buying or selling your next home in Central Florida.
Home prices continued their upward climb in May with an 8.97 percent increase over a year ago and a 3.4 percent improvement from last month. The median home price in Osceola, Orange, Seminole and Lake counties was $176,250.
Fueling the rise in property values – even among distressed properties such as foreclosures and short sales, is home loan rates continuing to trend below 4 percent.
Homes in Osceola spent an average of two days less on the market in May, compared to April. There are currently 12,774 active listings in the Central Florida area.