Orlando Market Update for 2nd Quarter of 2020
Brian Gangawer
Animal Lovers❤, Pit Bull Advocates🐶, Motorsports Enthusiasts🏎️, Low-key Vegans🥗, Exhausted Parents😴, and Superstar Realtors🤩...
Animal Lovers❤, Pit Bull Advocates🐶, Motorsports Enthusiasts🏎️, Low-key Vegans🥗, Exhausted Parents😴, and Superstar Realtors🤩...
In these unprecedented times, it's natural to wonder about the state of the real estate market.
Are values dropping because of economic impacts, or are they still climbing? Is it taking longer to sell a house now?
We break down all of the info you need to be up to date on how the Orlando market is fairing during COVID-19 below.
Greater Orlando Market Stats for Quarter 2 of 2020
10,930 ⬇
Homes Sold
47 ⬇
Average Days on Market
14,465 ⬇
New Listings
In Quarter 2 of 2020 Homes Sold For
98.5% ⬆
of List Price
(Average Discount 1.5% ⬇ off Sales Price)
$298,120 ⬆
Average Sales Price
2 ⬇
Months of Supply
832 ⬆
Expired Listings
$151 ⬆
Average Price per Square Foot
Greater Orlando Market Stats for Quarter 2 of 2019
(for comparison)
12,631
Homes Sold
52
Average Days on Market
18,261
New Listings
In Quarter 2 of 2019 Homes Sold For
98.2%
of List Price
(Average Discount 1.8% off sales price)
$286,008
Average Sales Price
3
Months of Supply
817
Expired Listings
$146
Average Price per Square Foot
In Summary
While there has been a reduction in sales volume, values are still climbing steadily and homes are selling even more quickly than last year and with less negotiation.
Compared to the same time period last year, on average:
⬆Sales prices increased by 4.2%⬆
⬆Price per square foot increased by 3.4%⬆
⬆Homes sold 5 days faster⬆
⬇Sellers negotiated less on sales prices⬇
⬇20.8% fewer homes were listed for sale⬇
⬇13.5% fewer homes sold⬇
COVID-19 Buying & Selling Programs
Protect Your Health & Your Investment
"Safe At Home" Buying Program
"Safe At Home" Selling Program