Orlando Real Estate

Realtor.com Statistics July 2011

August 17th, 2011 1:17 PM by David W. Welch

July 2011 real estate search results are in and Orlando, FL was the #12 most searched market in the country in July 2011, 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 $158,900 in July 2011, a -0.69% decrease from one year ago this month, and 4.20% increase from June 2011. The national median list price in July 2011 was $189,900, a 0.00% increase compared to July 2010.

Active for sale inventory of homes in Orlando, FL in June 2011 leveled out at 12,076, a -44.73% decrease compared to July 2010. National inventory counts for July 2011 were 2,311,279, a -17.60% increase as compared to a year ago.

The median age of inventory in Orlando, FL in July was 90 days, a -2.17% decrease compared to June 2011. Nationally, the median age of inventory was 97 days, 4.30% increase compared to June.

For details on all 146 MSAs monitored by Realtor.com in July 2011, click here:

http://www.realtor.com/data-portal/Real-Estate-Statistics.aspx

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 July 2011 include:

Chicago, IL 1st
Las Vegas, NV 2nd
Detroit, MI 3rd
Los Angeles-Long Beach, CA 4th
Tampa-St. Petersburg-Clearwater, FL 5th
Phoenix-Mesa, AZ 6th
Dallas, TX 7th
Atlanta, GA 8th
Philadelphia, PA 9th
Boston-Wrcstr-Lwrnce-Lowll-Brcktn, MA 10th

In addition, the top most searched real estate markets in Florida in July 2011, and the national searched rank included:

Tampa-St. Petersburg-Clearwater, FL #5
Orlando, FL #12
West Palm Beach-Boca Raton, FL #14
Fort Lauderdale, FL #16
Miami, FL #19
Fort Myers-Cape Coral, FL #42
Sarasota-Bradenton, FL #43
Jacksonville, FL #44
Melbourne-Titusville-Palm Bay, FL #47
Fort Pierce-Port St. Lucie, FL #54
Daytona Beach, FL #59
Lakeland-Winter Haven, FL #70
Naples, FL #71
Pensacola, FL #111
Tallahassee, FL #117
Ocala, FL #126
Gainesville, FL #138
Punta Gorda, FL #141

Realtor.com is the most searched real estate web site today, and displays more than four million for sale and for rent property listings fed directly to the site for free by more than 933 multiple listing services (MLS) across the nation. More than 75 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:

Julie.Reynolds@move.com
Candice.Cerro@move.com
Jill.Kipnis@move.com
Audie.Chamberlain@move.com
Move@accesspr.com

Posted in:General
Posted by David W. Welch on August 17th, 2011 1:17 PM

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