STATS SHOTS
Hurricanes leave their mark
on sales and new listings
Orlando sees an
improvement in
foreclosures
Sales New Listings
Foreclosure activity in the Orlando-Kissimmee-Sanford
Metropolitan Statistical Area dropped 35 percent
year-over-year in August, bettering the national
cumulative decrease of 21 percent and placing it
50th in the nation’s ranking of least activity.
Foreclosure Activity
August 2017 vs August 2016
MSA: f35%
g61%
f29%
Orange County ranks as the country’s 37th lowest
for August (among the 3,143 counties in the United
States). While Seminole County saw an increase in
activity for August, it actually ranks as the country’s
25th lowest due to the impact its smaller numbers
have on statistical calculations and its lower
percentage of homes in foreclosure compared to
homeownership overall.
Source: Attom Data Solutions
75%
Hurricane Irma contributed to a sales tumble in September as transactions
were delayed due to home damage, closing providers that were shuttered
for lack of power, etc. It’s certainly not unusual for hurricanes to dampen
sales during the month of their impact, and new listings also tend to trend
downward as owners stall plans to put their homes on the market while
they deal with hurricane aftermath.
Here’s a look at a few trends triggered by Irma (September 10, 2017), Matthew
(October 6, 2016), and Charley (August 13, 2004).
Irma Sept. 2017 vs Sept.2016 -19% -31%
Sept. 2017 vs Aug. 2017 -29% -38%
Matthew Oct. 2016 vs Oct. 2015 -6% -11%
Oct. 2016 vs Sept. 2016 -13% -18%
Charley Aug. 2004 vs Aug. 2003 -3% -18%
Aug. 2004 vs Jul 2004 -20% -17%
Orlando has been named the country’s top city for recreation for the second consecutive year by WalletHub. Just a few of our city’s additional
accolades this year include best place to retire (#1), best location for a staycation (#1), best place for jobseekers (#2); and summer’s hottest
single-family market (#2).
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