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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.
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.”
