Orlando Regional REALTOR® Association

The Orlando Regional REALTOR® Association is proud to announce that ORRA member Robin Webb, NAI Realvest, has been announced as incoming president of the CCIM Institute. “Having an Orlando REALTOR® in such a position of influence within the CCIM Institute indicates that Orlando’s commercial real estate industry is vibrant and sophisticated,” says 2017 ORRA President-elect Lou Nimkoff, Brio Real Estate Services.

The median price of Orlando area homes rose 14 percent year-over-year in October. Meanwhile, sales decreased 8 percent as inventory took its greatest year-over-year tumble in 2016 and dropped by 12 percent

The median price of Orlando homes rose 12 percent year-over-year in September, while sales increased by 3 percent. The supply of homes available for purchase in the Orlando area slid downward by 10 percent.

Members of the Orlando Regional REALTOR® Association have voted for Lou Nimkoff, Brio Real Estate Services LLC, to serve as the association’s 2017 president-elect. Nimkoff will automatically ascend to the association’s president position in 2018.

Sales of homes in Orlando experienced a year-over-year increase of 7.32 percent for the month of August, reports the Orlando Regional REALTOR® Association. The jump occurred amid yet another double-digit decrease in inventory, which continues to contribute to the area’s sustained rise in median price.

Robert is responsible for administering the financial and cash management affairs of the 12,500-member association. His duties include overseeing the accounting department, preparing for annual budget and audit activities, and serving as the staff liaison to ORRA’s budget/finance and investment committees.

The inventory of homes available for purchase in the Orlando area dropped by 10 percent in July 2016, contributing to a 6.28 percent decrease in sales and a 12.04 percent increase in median price when compared to July 2015. Inventory has experienced 13 consecutive months of year-over-year declines

The Orlando Regional REALTOR® Association has released a list of area candidates that it, Florida REALTORS®, and the National Association of REALTORS® are supporting for election to public office on August 30. The REALTOR® organization recommends candidates who are sensitive to issues related to real estate, homeownership, and private property rights

The median price of Orlando homes sold during the month of June increased 15 percent compared to June of last year, the result in part of yet another double-digit decline in inventory

The median price of Orlando homes shot up nearly 10 percent in April compared to April 2015, while sales increased about two percent. Both the rise in values and the sluggish movement in sales continue be influenced by the area’s ever-declining inventory.

Orlando's homebuying season kicks off with a decline in inventory and an increase in median price. The traditional start to Orlando’s homebuying season — April 1 — finds buyers continuing to grapple with a dwindling inventory that in March pushed home prices up 10 percent and restrained sales by 4 percent.

The inventory of Orlando homes available for purchase took another tumble in February, slowing year-over-year sales by 5 percent and driving a double digit increase in median price. The overall median price (all sales types and all home types combined) for the month of February 2016 is $185,000, a 12.19 percent jump compared to the $164,900 median price in February 2015. The median price is up 2.78 percent compared to the January 2016 median of $180,000

The inventory of Orlando homes available for purchase took another tumble in February, slowing year-over-year sales by 5 percent and driving a double digit increase in median price.

The median price of Orlando homes sold in January increased nearly 14 percent of January of 2015, amid an inventory level that has seen year-over-year decreases for the last seven months.

Orlando’s 2015 median price ($178,788) finished a healthy 9.02 percent higher than the 2014 annual median price ($164,000), thanks to a full 12 months of year-over-year price increases. Sales for 2015 finished 15.46 percent above the cumulative total sales for 2014. “We saw several significant trends in 2015,” says Orlando Regional REALTOR® Association President John Lazenby, Colony Realty Group, Inc., “most notably a very active and extended spring-summer homebuying season that saw year-over-year increases leap as high as 40 percent in July.

The Orlando Regional REALTOR® Association officially inducted member John Lazenby, Colony Realty Group, Inc., as 2016 president at its Annual Awards and Inaugural gala