Real Estate in Review: January 2019
We saw a jump again this month in Orlandos inventory by about 8%, which happens to be the third consecutive month we saw the number of homes going live increase. That's great for you buyers out there. Yet the sales slipped by 14% and the median sales price stands still. We'll get back up there, slow and steady moving into the 2019 year.
We believe the median price will soon start slowly increasing over the next months, we're still holding to an average sales price post holiday season. Although, the median price has an increase just a tiny bit from last January 2018 price. For Orlando, ORRA members average sales price is calculated to be $226,500. Yet, we know homes are all over the price range board here in Orlando. We don't hold tight to any averages, we handle all types of sales on our Team, whether you have a small condo or a mansion - we will gladly take you from list to close.
If you are serious buyers, lets talk about interest rates. It looks like we have an average interest rate from January 2019 as 4.32%. This is amazing and seems to go down each month. TAKE ADVANTAGE! Let's see if we can get you below the average!
Our average days on market for Orlando Regional Realtor Association members hold a 60 day, list to close statistic. With our team, Homes by Team Schroth, we're happy to say our January average days on market was ONLY 17 DAYS! That's 17 days from the day we list your home until the day we get an agreed upon and signed contract.