STATS SHOTS
Prices, cash buyers influencing Orlando’s condo sales
In case you’re wondering why the Orlando condo market isn’t hotter
given our aff ordability issues, just think about how much prices have risen
in the past decade.
Condo Price Comparison
Median Change
May 2019 $136,500
May 2018 $125,750 +9%
May 2014 $78,750 +73%
May 2009 $47,000 +190%
Condo buyers intending to occupy their new homes themselves still have
competition from cash investors (not to mention struggles with obtaining
mortgages in light of conforming loan limits placed on condo complexes).
Cash for Condos Comparison
Total Sales Cash Sales Percent
May 2019 434 264 61%
May 2014 351 297 85%
May 2009 378 322 85%
ORLANDO REGIONAL REALTOR® ASSOCIATION MARKET STATISTICS
May 2019 vs May 2018
Orlando Area*
MEDIAN PRICE
$243,000
+4%
UNIT SALES
3,790
+11%
VOLUME
$1.1B
+15%
Orange County
MEDIAN PRICE
$265,000
+0.5%
UNIT SALES
2,032
-3%
VOLUME
$657M
+5%
Seminole County
MEDIAN PRICE
$256,000
-1%
UNIT SALES
835
+3%
VOLUME
$239M
+12
orlandorealtors.org/marketreports
*Represents transactions involving ORRA REALTOR® members posted
through Stellar MLS.
Year-over-year condo sales have been all over the board in
2019, ranging from a 12 percent decrease in February to a
19 percent increase in April. Inventory, however, is headed
upward by double-digits.
2019 Condo Sales Comparison
2019 2018 Change
May 434 408 +6%
April 433 364 +19%
March 397 422 -6%
February 279 317 -12%
January 289 270 +7%
2019 Condo Inventory Comparison
2019 2018 Change
May 1,154 915 +26%
April 1,157 966 +20%
March 1,177 959 +23%
February 1,222 947 +29%
January 1,181 936 +26%
New!
orlandorealtors.org 5
/marketreports
/orlandorealtors.org
/www.allinconstruction.com