Orlando Real Estate

Orlando Real Estate Inventory By Price Range 11/16

November 18th, 2016 1:35 PM by David W. Welch

#OrlandoRealEstate
Inventory of available homes in Orlando is pretty low right now with only about a 3.5 month supply based on last month's absorption rate. When I break that inventory down by price range, you can see just how low the inventory really is. Our median sales price in Orlando is around $200,000. That means half of all closed sales are at or below $200,000. The median list price is around $278,000, so there is a bit of a disparity between sales prices and list prices. This isn't to say that sellers are necessarily asking too much for their homes, I'm just pointing out that there is a lot more demand for more modestly priced homes.

Price Range Available Sold Month's Supply
< $100,000 876 380 2.3
$100,000-$200,000 2048 1027 2.0
$200,000-$300,000 2636 828 3.2
$300,000-$400,000 1634 308 5.3
$400,000-$500,000 838 128 6.5
>$500,000 1837 134 13.7
Total 9869 2805 3.5

As you can see from this breakdown, there is a pretty short supply of homes priced under $300,000. These numbers include active inventory and last month's sales of all types of homes by Orlando Realtors®. Notice homes priced from $100,000 - $200,000 are in the most popular price range for buyers leaving us with just a two month supply of homes available for sale. Typically, we have considered a six month supply to be a 'balanced' market. Home priced under $300,000 are all in pretty short supply, while homes priced from $300,000 to $500,000 are considered to be in a balanced market. Only homes priced over $500,000 are plentiful with more than a one year supply available for sale.
Orlando Real Estate

Posted by David W. Welch on November 18th, 2016 1:35 PM

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