Orlando Regional REALTOR® Association
ORRA HOUSING MARKET REPORT – JULY 2018
Prospective homebuyers will be cheered to learn that the rocketing rise in prices Orlando has seen over the past years stabilized this summer in the healthy single-digits. For the last three months
ORRA HOUSING MARKET REPORT – JUNE 2018
The inventory of homes available for purchase in the Orlando area displayed its greatest percentage of decrease yet in 2018, contributing to a second consecutive month of slower sales. However, buyer demand is continuing to boost the area’s median price.
Lou Nimkoff to be installed as 2018 president of the Orlando Regional REALTOR® Association
The Orlando Regional REALTOR® Association will induct REALTOR® Lou Nimkoff, Brio Real Estate Services LLC, as the organization’s 2018 president at its upcoming Annual Awards and Inaugural luncheon
ORRA HOUSING MARKET REPORT – SEPTEMBER 2017
Hurricane Irma helped drive Orlando’s home sales down by nearly 20 percent in September compared to September of last year, reports the Orlando Regional REALTOR® Association. In addition, sales decreased by almost 30 percent when compared to last month.
Orlando home sales, median price both rise in August
The median price of Orlando homes sold during the month of August increased nearly 10 percent while sales increased almost 3 percent compared to August 2016, report the Orlando Regional REALTOR® Association. Inventor continued its year-over-year slide and dropped about 16 percent
Orlando Regional REALTOR® Association recognizes young REALTOR® standouts
The Orlando Regional REALTOR® Association is pleased to announce 2017 class of ORRA Young Professionals Network 20 Under 40 Rising Stars In Real Estate Awards recipients. These notable young REALTORS® were selected by the ORRA Awards Committee for their demonstrated excellence in career and service to both community and the real estate industry.
Orlando median price rises as home sales slow in July
The median price of Orlando homes sold during the month of July increased almost 7 percent while sales decreased 0.2 percent compared to July 2016, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide.
Orlando housing update: Single-family homes receive a boost in sales
The median price of Orlando homes sold during the month of June increased more than 7 percent while sales likewise climbed nearly 8 percent compared to June 2016, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide but registered the smallest decline this year with 14 percent
Orlando Regional REALTOR® Association announces results of 2016 ORRA Good Neighbor Awards
Orlando REALTORS® don’t just help people realize their dreams of homeownership, they also help build communities. Now, four of those community-builders have been honored for their efforts by the third annual Orlando Regional REALTOR® Association Good Neighbor Awards. Each of the nonprofit organizations helped by our GNA recipients’ volunteer efforts has received a $1,000 donation from ORRA to support their missions
Sales and median price increase as interest rate dips during Orlando’s peak homebuying season
Orlando home sales increased 14 percent in May compared to May of 2016 while the median price jumped 7.4 percent, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide and dropped by 16.8 percent, but a small relief was found in the 1.2 percent increase in the number of homes available in May compared to April.
Orlando median home price continues upward climb as sales and inventory dip
Orlando home sales declined 4 percent in April compared to April of 2016, in large part the result of sustained declines in the number of homes available for purchase. Orlando’s skimpy inventory also continued to push prices upwards, with the area’s year-over-year median home price again hitting a double-digit increase.
Sales activity versus available inventory drive Orlando’s supply of homes to its lowest point...
Buyer activity during the month of March pushed the supply of homes available for purchase in Orlando to just 2.48 months’ worth, the lowest since May of 2013 and swinging the market pendulum further towards favoring sellers. Housing economists consider six months of supply to indicate a market that is balanced between buyers and sellers.
Orlando median home price jumps 11 percent as sales hold steady and inventory plummets
The Orlando housing market experienced increases in both median price and sales in February, while the inventory of homes available for purchase shrank by 21 percent in comparison to February of last year.
REALTORS® recommend real-estate friendly candidates for election
ORRA is pleased to recommend REALTOR® Chris Sapp, Suzi Karr Realty, for election to Windermere Town Council along with additional candidates running for public office. The municipal election will be held on Tuesday, March 14.
REALTOR® AFFORDABLE HOUSING INITIATIVE EARNS DEVELOPMENT HONOR
The Orlando Regional REALTOR® Foundation has been honored with an Award of Excellence from the 2016 Orange County Sustainable Development Awards.
The foundation is the charitable arm of the Orlando Regional REALTOR® Association, which as the nation’s 10th largest local REALTOR® organization represents more than 12,500 Central Florida real estate professionals. The mission of Orlando Regional REALTOR® Foundation is to address the area’s critical need for affordable, workforce housing.
Orlando home sales increase 2 percent as median price jumps 11 percent in January
The Orlando housing market experienced increases in both median price and sales in January, while the pool of homes available for purchase shrank by 21 percent in comparison to January of last year.
PINE HILLS LEADS 2016 WITH GREATEST PERCENT OF INCREASE IN MEDIAN HOME PRICE
The Central Florida zip code 32808, which encompasses Pine Hills, saw the region’s highest percentage of increase in median home price during 2016, reports the Orlando Regional REALTOR® Association
Orlando Regional REALTOR® Association Announces 2016 Award Winners
The Orlando Regional REALTOR® Association, which as the nation’s 10th largest REALTOR® association represents more than 12,500 Central Florida real estate professionals, has announced its 2016 award recipients.
Bruce Elliott installed as 2017 president of the Orlando Regional REALTOR® Association
The Orlando Regional REALTOR® Association inducted member Bruce Elliott, Regal R.E. Professionals LLC, as 2017 president at its Annual Awards and Inaugural gala. “It is an honor and a duty to lead an organization whose members rely upon it so heavily for their success,” says Elliott. “My intent for 2017 is to further assist the association’s members by extending ORRA’s outreach via technology-driven distance learning and by developing additional community service projects for member participation.”
Orlando home sales, median price increase along with mortgage rate in November
The Orlando Regional REALTOR® Association is one of the largest local trade associations in the state of Florida, with more than 12,000 members in Orange, Seminole, and the surrounding counties.
