Orlando's median home price finished out the year 22.04 percent higher than where it started, thanks to significant median price improvements every single month. In fact, Orlando's overall median price has now posted positive year-to-year gains for 18 consecutive months, and has climbed 38.88 percent since January 2011.
2012 Year-end Recap
Overall sales in 2012 were up by 3.16 percent over 2011. A total of 28,670 homes were sold in 2012 compared to 27,791 the previous year.
Sales of normal homes in 2012 increased 30.17 percent over 2011. Short sales increased by 3.71 percent while bank-owned sales declined by 26.43 percent.
The 2012 year-end year-to-date median price increased 10.10 percent to $121,000 compared 2011’s $109,900.
Orlando’s overall inventory experienced a 24.13 percent decline, year to date; single-family home inventory declined 27.87 percent, year to date.
By year’s end in 2012, 35,310 homes were sold in the Orlando MSA while 34,785 homes had been sold by year’s end in 2011 (for a 1.51 percent decrease).
Each county’s 2012 year-end sales comparisons are as follows:
Lake: 13.01 percent above 2011 (4,922 homes sold in 2012 compared to 4,352 in 2011);
Orange: 0.78 percent below 2011 (17,886 homes sold in 2012 compared to 18,027 in 2011);
Osceola: 10.04 percent below 2011 (5,779 homes sold in 2012 compared to 6,424 in 2011); and
Seminole: 12.39 percent above 2011 (6,723 sold in 2012 compared to 5,982 in 2011).
