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Orlando Regional REALTOR® Association
Orlando home sales increased 14 percent in May compared to May of 2016 while the median price jumped 7.4 percent, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide and dropped by 16.8 percent, but a small relief was found in the 1.2 percent increase in the number of homes available in May compared to April.
Orlando home sales declined 4 percent in April compared to April of 2016, in large part the result of sustained declines in the number of homes available for purchase. Orlando’s skimpy inventory also continued to push prices upwards, with the area’s year-over-year median home price again hitting a double-digit increase.
Buyer activity during the month of March pushed the supply of homes available for purchase in Orlando to just 2.48 months’ worth, the lowest since May of 2013 and swinging the market pendulum further towards favoring sellers. Housing economists consider six months of supply to indicate a market that is balanced between buyers and sellers.
The Orlando housing market experienced increases in both median price and sales in February, while the inventory of homes available for purchase shrank by 21 percent in comparison to February of last year.
ORRA is pleased to recommend REALTOR® Chris Sapp, Suzi Karr Realty, for election to Windermere Town Council along with additional candidates running for public office. The municipal election will be held on Tuesday, March 14.
The Orlando Regional REALTOR® Foundation has been honored with an Award of Excellence from the 2016 Orange County Sustainable Development Awards. The foundation is the charitable arm of the Orlando Regional REALTOR® Association, which as the nation’s 10th largest local REALTOR® organization represents more than 12,500 Central Florida real estate professionals. The mission of Orlando Regional REALTOR® Foundation is to address the area’s critical need for affordable, workforce housing.
The Orlando housing market experienced increases in both median price and sales in January, while the pool of homes available for purchase shrank by 21 percent in comparison to January of last year.
The Central Florida zip code 32808, which encompasses Pine Hills, saw the region’s highest percentage of increase in median home price during 2016, reports the Orlando Regional REALTOR® Association
The Orlando Regional REALTOR® Association, which as the nation’s 10th largest REALTOR® association represents more than 12,500 Central Florida real estate professionals, has announced its 2016 award recipients.
The Orlando Regional REALTOR® Association inducted member Bruce Elliott, Regal R.E. Professionals LLC, as 2017 president at its Annual Awards and Inaugural gala. “It is an honor and a duty to lead an organization whose members rely upon it so heavily for their success,” says Elliott. “My intent for 2017 is to further assist the association’s members by extending ORRA’s outreach via technology-driven distance learning and by developing additional community service projects for member participation.”
The Orlando Regional REALTOR® Association is one of the largest local trade associations in the state of Florida, with more than 12,000 members in Orange, Seminole, and the surrounding counties.
The Orlando Regional REALTOR® Association is proud to announce that ORRA member Robin Webb, NAI Realvest, has been announced as incoming president of the CCIM Institute. “Having an Orlando REALTOR® in such a position of influence within the CCIM Institute indicates that Orlando’s commercial real estate industry is vibrant and sophisticated,” says 2017 ORRA President-elect Lou Nimkoff, Brio Real Estate Services.
The median price of Orlando area homes rose 14 percent year-over-year in October. Meanwhile, sales decreased 8 percent as inventory took its greatest year-over-year tumble in 2016 and dropped by 12 percent
The median price of Orlando homes rose 12 percent year-over-year in September, while sales increased by 3 percent. The supply of homes available for purchase in the Orlando area slid downward by 10 percent.
Members of the Orlando Regional REALTOR® Association have voted for Lou Nimkoff, Brio Real Estate Services LLC, to serve as the association’s 2017 president-elect. Nimkoff will automatically ascend to the association’s president position in 2018.
Sales of homes in Orlando experienced a year-over-year increase of 7.32 percent for the month of August, reports the Orlando Regional REALTOR® Association. The jump occurred amid yet another double-digit decrease in inventory, which continues to contribute to the area’s sustained rise in median price.
Robert is responsible for administering the financial and cash management affairs of the 12,500-member association. His duties include overseeing the accounting department, preparing for annual budget and audit activities, and serving as the staff liaison to ORRA’s budget/finance and investment committees.
The inventory of homes available for purchase in the Orlando area dropped by 10 percent in July 2016, contributing to a 6.28 percent decrease in sales and a 12.04 percent increase in median price when compared to July 2015. Inventory has experienced 13...
The median price of Orlando homes shot up nearly 10 percent in April compared to April 2015, while sales increased about two percent. Both the rise in values and the sluggish movement in sales continue be influenced by the area’s ever-declining inventory.