David's Orlando Real Estate Blog

Orlando real estate numbers continue to be solid. Inventory remains high compared to a year ago with 5,148 homes of all types available for sale compare to just 2,670 a year ago. However, that is still less than a two month supply of homes for sale. The median price remains strong at $370,000 hol...

Inventory and prices remain higher than a year ago, with sales numbers quite a bit lower than last March. Currently inventory is just over double what it was last year with 5,052 homes available for sale. However, that number is 9% lower than February, and March is the fourth month in a row with ...

I started my Orlando real estate blog 15 years ago. RealEstateOptimist.com has been on the first page of Google searches for just about that entire time. My blog was featured as one of 10 nationally by Realtor.com, and has been quoted by numerous publications since 2008. This week FeedSpot.com na...

The latest #OrlandoRealEstate market report for February 2023 is in. Take a look at the brief video below. Inventory is up 140% from a year ago, but down for the third month in a row. Homes available for sale declined over 9% compared to January. Sales declined 30% from a year ago, but increased ...

Most people are trying to find ways to save money these days. One expense you may not have thought about is your mortgage insurance. If you purchased a home and put less than 20% down, chances are you may have a mortgage insurance premium wrapped up in your mortgage payment. Some of you may wonde...

Since the Federal Reserve started raising rates last year, we have seen the inventory of available homes increase and sales decrease when compared to the prior year. This continued in December. Inventory was up 146% compared with December 2021, and sales declined 42% over the same period. The rat...

Climbing interest rates continue to have an impact on closed sales and new contracts. Closed sales dropped 27.8% with 2,716 homes of all types closing compared to 3,760 a year ago. New contracts declined over 50% from 3,583 to 1,788 compared to October 2021. Slowing sales have pushed the inventor...

If you are waiting on #OrlandoRealEstate prices to collapse, keep waiting. This is not the 2008 recession. A lot of buyers in 2004-2006 were speculating on the rapid rise in real estate prices to flip properties. The increases were further fueled by crazy financing such as 105% financing with no ...

Once again inventory rose significantly compared to a year ago, but the 6,884 homes available for sale was up only 1.8% from August. Close sales were down 28.3% compared to a year ago with just 2,717 compared to 3,789 in September of 2021. New listings and new contracts were also down compared to...

Sales are down compared to a year ago, but the median sales price is still way up from 2021. Inventory has climbed dramatically since this year's low in February. Sales have declined 17% to 3,324 compared to 3,999 a year earlier. Prices are up 18% over the same time period, rising from $320,000 t...