There are some signs that the trend is away from the West Coast and toward the South and Southeast,” said Zillow senior economist Aaron Terrazas. “Affordability is attractive—for both young professionals and booming businesses, earning markets like Orlando, Minneapolis, Dallas and Nashville top billing in 2019.”
Orlando Home Sales And Median Price Both Rise In March
Fla's Housing Market Sees Median Prices Continuing To Rise In March 2018
Orlando Median Home Continues Upward Trend With 10 Percent Increase In February
Year-over-year increases in median price have been recorded for the past 80 consecutive months; as of February 2018, the overall median price is 97.4 percent higher than it was back in July 2011. The median price for single-family homes that changed hands in February increased 11.3 percent over February 2017 and is now $249,250. The median price for condos increased 22.2 percent to $120,950.
2018 Real Estate Trends: Expect Growth in Employment, Population and Visitors
Florida is growing faster in terms of employment growth than the rest of the U.S., which is good for Florida real estate. The three major drivers of the state’s economy are 1) Florida’s business climate, including real estate sales; 2) the U.S. economy and financial market trends; and 3) the global economy.
Florida's Fast-Growth Track May Create Housing Boom
Orlando Housing Market Ends 2017 With Increases In Both Cumulative Sales And Median Price
Median price was driven during 2017 primarily by a combination of strong buyer demand and very low inventory levels, but expect prices to continue their upward trend in 2018, albeit at a slower rate. In addition, Orlando's annual median home price ($220,000) is 10.0 percent higher than the 2016 annual median price ($200,000) thanks to another 12 consecutive months of year-over-year price increases.
Florida's Home Sales, Listings, Median Prices Up In November
In November, Florida’s housing market reflected the trends we’ve grown accustomed to seeing throughout this year. More owners decided to put their homes up for sale. Homes continued to sell quickly, resulting in increased pending sales – up 5.5 percent for single-family homes and up 9.3 percent for condo-townhouse units.
Orlando Home Sales To Global Buyers Jumps 20 Percent In 2017
“The international real estate market is crucial to Orlando’s real estate industry and overall economy,” says Senior Global Real Estate Advisor, Garry Walmsley with The Orlando Agency, a Division of Global Real Estate Services, Inc. "There were approximately 61,300 Florida homes sold to foreign nationals during the 2017 study’s 12-month period.