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September 18th, 2012 2:47 PM by David W. Welch
Each month, my friends from Realtor.com ask me to share their statistics for the Orlando real estate market. The following are results from August 2012.
August 2012 real estate search results are in and Orlando, FL was the #10 most searched market in the country in August 2012, based on data released today by Realtor.com, the #1 homes for sale real estate web site. Median list prices for homes in Orlando, FL hit $165,000 in August 2012, a 4.43% increase from one year ago this month, and 0.00% increase from July 2012.
The national median list price in August 2012 was $190,000, a 0.05% increase compared to August 2011. Active for sale inventory of homes in Orlando, FL in August 2012 leveled out at 9,332, a -20.23% decrease compared to August 2011. National inventory counts for August 2012 were 1,843,736, a -18.68% decrease as compared to a year ago.
The median age of inventory in Orlando, FL in August was 62 days, a -1.59% decrease compared to July 2012. Nationally, the median age of inventory was 91 days, a 3.41% increase compared to July. For details on all 146 MSAs monitored by Realtor.com in August 2012, click here: http://www.realtor.com/data-portal/Real-Estate-Statistics.aspx Contact us if you’re interested in a custom report detailing real estate trend data by county or zip code.
Each month, Realtor.com surveys up to 250 Metro Service Areas (MSA) throughout the nation and monitors real estate trends including consumer search behavior, median list prices on for sale homes, active inventory counts and median age of inventory. The information is released to local markets to help consumers and real estate professionals as they work together to successfully navigate their local market. According to Realtor.com, the top 10 most searched real estate markets, identified as MSAs, in the United States in August 2012 include:
Chicago, IL 1stDetroit, MI 2rd Philadelphia, PA 3rdLos Angeles-Long Beach, CA 4thAtlanta, GA 5thDallas, TX 6thTampa-St. Petersburg-Clearwater, FL 7thBoston-Wrcstr-Lwrnce-Lowll-Brcktn, MA 8thPhoenix-Mesa, AZ 9thOrlando, FL 10th
In addition, the top most searched real estate markets in Florida in August 2012, and the national searched rank included:
Tampa-St. Petersburg-Clearwater, FL #7Orlando, FL #10West Palm Beach-Boca Raton, FL #16Fort Lauderdale, FL #19Miami, FL #25Sarasota-Bradenton, FL #41Fort Myers-Cape Coral, FL #43Jacksonville, FL #44Melbourne-Titusville-Palm Bay, FL #53Fort Pierce-Port St. Lucie, FL #60Daytona Beach, FL #71Lakeland-Winter Haven, FL #74Naples, FL #77Pensacola, FL #115Tallahassee, FL #119Ocala, FL #126Gainesville, FL #132Punta Gorda, FL #145
Realtor.com, the #1 homes-for-sale site, displays more than four million for sale and for rent property listings fed directly to the site for free by more than 850 multiple listing services (MLS) across the nation. More than 80 percent of all listings on Realtor.com are updated every 15 minutes with important information including price changes, sold data and property status changes, with the remaining properties updated every one to 24 hours. All homes tracked in these monthly reports are single family homes, condominiums, co-ops and townhomes.For more information or commentary on local market trends, please contact: