Orlando-Real Estate Market Report

Buyers who purchased an Orlando home in August are paying the lowest average interest rate – 4.26 percent – since the Orlando Regional REALTOR® Association began tracking the statistic in January of 1995. The record was previously held by October 2010, when the average interest rate stood at 4.28.

The following charts provide a comprehensive view of the real estate market in the greater Orlando area. This area includes Orange, Seminol, Osceola and Lake counties and includes the following towns and cities: Orlando,Winter Park, Lake Mary, Sandford, Winderemere, Winter Springs, Longwood, Maitland, Oviedo, Kissimmee, St Cloud, Winter Garden, Apopka, Clermont, Altamonte Springs and more.

The following two charts show total market inventory of homes listed in the Mid-Florida MLS for the past three years, on a monthly basis. Inventory has decreased by 6,480 properties for the  month of August 2011, compared to August 2010. This represents a drop of 39% of inventory of homes available for sale in the Orlando area since last year.