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June 14th, 2012 8:03 AM by David W. Welch
Each month, my friends at Realtor.com ask me to publish their latest statistics for the Orlando real estate market. Here are the results for May 2012.
May 2012 real estate search results are in and Orlando, FL was the #9 most searched market in the country in May 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 $160,000 in May 2012, a 6.73% increase from one year ago this month, and 0.06% increase from April 2012. The national median list price in May 2012 was $194,900, a 3.17% increase compared to May 2011.
Active for sale inventory of homes in Orlando, FL in May 2012 leveled out at 9,595, a -31.31% decrease compared to May 2011. National inventory counts for May 2012 were 1,876,924, a -20.07% decrease as compared to a year ago.
The median age of inventory in Orlando, FL in May was 60 days, a -9.09% decrease compared to April 2012. Nationally, the median age of inventory was 83 days, a -1.19% decrease compared to April.
For details on all 146 MSAs monitored by Realtor.com in May 2012, click here:
Here’s an infographic summarizing the national report:
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 May 2012 include:
Chicago, IL 1stDetroit, MI 2rdLos Angeles-Long Beach, CA 3rdPhiladelphia, PA 4thDallas, TX 5thAtlanta, GA 6thTampa-St. Petersburg-Clearwater, FL 7thPhoenix-Mesa, AZ 8thOrlando, FL 9thLas Vegas, NV 10th
In addition, the top most searched real estate markets in Florida in May 2012, and the national searched rank included:
Tampa-St. Petersburg-Clearwater, FL #7Orlando, FL #9West Palm Beach-Boca Raton, FL #16Fort Lauderdale, FL #17Miami, FL #24Sarasota-Bradenton, FL #38Fort Myers-Cape Coral, FL #43Jacksonville, FL #44Melbourne-Titusville-Palm Bay, FL #49Fort Pierce-Port St. Lucie, FL #52Daytona Beach, FL #56Lakeland-Winter Haven, FL #70Naples, FL #71Pensacola, FL #109Tallahassee, FL #116Ocala, FL #127Gainesville, FL #132Punta Gorda, FL #139
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: