10
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020. Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. November 2019 2,682 3.9% 1.6% 10.1% October 2019 2,845 September 2019 2,975 -7.8% March 2019 3,115 February 2019 2,396 1.8% 7.9% -4.0% 2.7% 8.6% 13.3% 4.5% -5.0% January 2019 1,956 December 2018 2,618 May 2019 3,694 April 2019 3,109 August 2019 3,401 July 2019 3,567 June 2019 3,278 96.5% 0.7% 28 Days 35 Days -20.0% December 2019 Median Time to Contract 70 Days 2,325 Median Time to Sale New Pending Sales New Listings Month 2,470 Pending Inventory 3,064 Inventory (Active Listings) 7,347 Months Supply of Inventory 2.4 -5.4% 2,247 3.5% Percent Change Year-over-Year $269,000 5.4% $1.0 Billion $867.9 Million 20.8% $331,922 $331,504 0.1% December 2018 Percent Change Year-over-Year 721 546 32.1% 3,159 2,618 20.7% Summary Statistics Closed Sales Paid in Cash 97.2% December 2019 $283,500 Median Sale Price Average Sale Price Dollar Volume Median Percent of Original List Price Received Year-to-Date 36,177 5.5% 20.7% 2,263 9.1% Closed Sales 3,159 74 Days 2,880 6.4% 8,292 -11.4% 2.9 -17.2% 2015 2016 2017 2018 2019 J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASOND Monthly Market Detail - December 2019 Orlando-Kissimmee-Sanford MSA Single Family Homes Closed Sales The number of sales transactions which closed during the month 0 1,000 2,000 3,000 4,000 Closed Sales

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Page 1: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

November 2019 2,682 3.9%

1.6%

10.1%

October 2019 2,845

September 2019 2,975

-7.8%

March 2019 3,115

February 2019 2,396

1.8%

7.9%

-4.0%

2.7%

8.6%

13.3%

4.5%

-5.0%

January 2019 1,956

December 2018 2,618

May 2019 3,694

April 2019 3,109

August 2019 3,401

July 2019 3,567

June 2019 3,278

96.5% 0.7%

28 Days 35 Days -20.0%

December 2019

Median Time to Contract

70 Days

2,325

Median Time to Sale

New Pending Sales

New Listings

Month

2,470

Pending Inventory 3,064

Inventory (Active Listings) 7,347

Months Supply of Inventory 2.4

-5.4%

2,247 3.5%

Percent Change

Year-over-Year

$269,000 5.4%

$1.0 Billion $867.9 Million 20.8%

$331,922 $331,504 0.1%

December 2018Percent Change

Year-over-Year

721 546 32.1%

3,159 2,618 20.7%

Summary Statistics

Closed Sales

Paid in Cash

97.2%

December 2019

$283,500Median Sale Price

Average Sale Price

Dollar Volume

Median Percent of Original

List Price Received

Year-to-Date 36,177 5.5%

20.7%

2,263 9.1%

Closed Sales

3,159

74 Days

2,880 6.4%

8,292 -11.4%

2.9 -17.2%

2015 2016 2017 2018 2019

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

Monthly Market Detail - December 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

Closed SalesThe number of sales transactions which closed duringthe month

0

1,000

2,000

3,000

4,000

Clo

sed

Sal

es

Page 2: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

20.9% -2.3%

March 2019 20.3%

April 2019 592 0.5%

March 2019

523 -11.8%

January 2019 507 -1.2%

-1.0%

February 2019 21.8%

Economists' note : This statistic is simply another way of viewing

Cash Sales. The remaining percentages of Closed Sales (i.e. those not

paid fully in cash) each month involved some sort of financing, such as

mortgages, owner/seller financing, assumed loans, etc.

Economists' note : Cash Sales can be a useful indicator of the extent to

which investors are participating in the market. Why? Investors are

far more likely to have the funds to purchase a home available up front,

whereas the typical homebuyer requires a mortgage or some other

form of financing. There are, of course, many possible exceptions, so

this statistic should be interpreted with care.

Year-to-Date 20.8% -3.3%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

January 2019 25.9% 2.8%

December 2018

December 2018 546 -10.2%

February 2019

-18.4%

August 2019 21.5% 1.9%

July 2019 19.9% 2.1%

June 2019 18.1% -11.7%

May 2019 17.7% -14.1%

April 2019 19.0% -4.0%

October 2019 23.7% 6.3%

September 2019 19.8% -9.2%

December 2019 22.8% 9.1%

November 2019 21.8% 1.4%

632 0.5%

590 0.2%

August 2019 731 4.4%

May 2019 654 -2.8%

July 2019 709 11.0%

June 2019 592 -16.5%

September 2019

Month Cash SalesPercent Change

Year-over-Year

December 2019 721 32.1%

November 2019 584 5.4%

October 2019 674 7.8%

Year-to-Date 7,509 2.0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

0%

10%

20%

30%

40%

Pct

. of

Clo

sed

Sal

es

Pai

d in

Cas

h

0

200

400

600

800

1,000

Cas

h S

ale

s

Monthly Market Detail - December 2019

2015 2016 2017 2018 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash

2015 2016 2017 2018 2019

Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash Sales

Page 3: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

3.8%$327,677Year-to-Date

Economists' note : Median Sale Price is our preferred summary

statistic for price activity because, unlike Average Sale Price, Median

Sale Price is not sensitive to high sale prices for small numbers of

homes that may not be characteristic of the market area. Keep in mind

that median price trends over time are not always solely caused by

changes in the general value of local real estate. Median sale price only

reflects the values of the homes that sold each month, and the mix of

the types of homes that sell can change over time.

Economists' note : Usually, we prefer Median Sale Price over Average

Sale Price as a summary statistic for home prices. However, Average

Sale Price does have its uses—particularly when it is analyzed

alongside the Median Sale Price. For one, the relative difference

between the two statistics can provide some insight into the market for

higher-end homes in an area.January 2019 $308,923 0.3%

December 2018 $331,504 7.4%

March 2019 $318,836 2.1%

February 2019 $318,547 7.3%

August 2019 $340,707 7.8%

July 2019 $328,830 3.2%

June 2019 $330,086 3.6%

May 2019 $336,675 3.3%

April 2019 $324,248 1.7%

October 2019 $326,130 5.6%

September 2019 $320,554 2.4%

December 2019 $331,922 0.1%

November 2019 $334,896 7.2%

December 2018 $269,000 5.5%

Month Average Sale PricePercent Change

Year-over-Year

February 2019 $268,700 5.4%

January 2019 $260,000 4.0%

April 2019 $269,000 2.8%

March 2019 $269,000 3.5%

$275,000 3.0%

August 2019 $285,000 7.5%

May 2019 $280,000 3.7%

November 2019 $275,000 3.8%

October 2019 $276,456 5.9%

July 2019 $277,130 4.2%

June 2019 $280,000 2.9%

September 2019

Month Median Sale PricePercent Change

Year-over-Year

December 2019 $283,500 5.4%

Year-to-Date $275,490 4.0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

$0K

$100K

$200K

$300K

$400K

Ave

rage

Sal

e P

rice

$0K

$50K

$100K

$150K

$200K

$250K

$300K

Me

dia

n S

ale

Pri

ce

Monthly Market Detail - December 2019

2015 2016 2017 2018 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

2015 2016 2017 2018 2019

Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)

Page 4: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

96.5% -0.5%

March 2019 97.0%

April 2019 $1.0 Billion 6.3%

March 2019

$763.2 Million 15.7%

January 2019 $604.3 Million -3.7%

-0.3%

February 2019 96.7%

Economists' note : The Median Percent of Original List Price Received

is useful as an indicator of market recovery, since it typically rises as

buyers realize that the market may be moving away from them and

they need to match the selling price (or better it) in order to get a

contract on the house. This is usually the last measure to indicate a

market has shifted from down to up, so it is what we would call a

lagging indicator.

Economists' note : Dollar Volume is simply the sum of all sale prices

in a given time period, and can quickly be calculated by multiplying

Closed Sales by Average Sale Price. It is a strong indicator of the health

of the real estate industry in a market, and is of particular interest to

real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely

be better served by paying attention to trends in the two components

of Dollar Volume (i.e. sales and prices) individually.

-0.1%97.2%Year-to-Date

MonthMed. Pct. of Orig.

List Price Received

Percent Change

Year-over-Year

January 2019 96.4% -0.5%

December 2018

December 2018 $867.9 Million -1.0%

February 2019

-0.2%

August 2019 97.3% -0.1%

July 2019 97.4% -0.1%

June 2019 97.4% -0.4%

May 2019 97.5% -0.2%

April 2019 97.2% -0.2%

October 2019 97.1% 0.0%

September 2019 97.2% -0.1%

December 2019 97.2% 0.7%

November 2019 97.1% 0.5%

$993.2 Million 3.9%

September 2019 $953.6 Million 12.7%

August 2019 $1.2 Billion 10.7%

July 2019 $1.2 Billion 12.1%

June 2019 $1.1 Billion -1.6%

May 2019 $1.2 Billion 17.0%

November 2019 $898.2 Million 11.4%

October 2019 $927.8 Million 7.3%

Month Dollar VolumePercent Change

Year-over-Year

December 2019 $1.0 Billion 20.8%

Year-to-Date $11.9 Billion 9.4%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

0%

20%

40%

60%

80%

100%

120%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed

Monthly Market Detail - December 2019

2015 2016 2017 2018 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

Dollar VolumeThe sum of the sale prices for all sales which closed during the month

2015 2016 2017 2018 2019

Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month

$0

$200 M

$400 M

$600 M

$800 M

$1.0 B

$1.2 B

$1.4 B

Do

llar

Vo

lum

e

Page 5: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

December 2018 74 Days -3.9%

Economists' note : Time to Sale is a measure of the length of the home

selling process, calculated as the number of days between the initial

listing of a property and the closing of the sale. Median Time to Sale is

the amount of time the "middle" property selling this month was on

the market. That is, 50% of homes selling this month took less time to

sell, and 50% of homes took more time to sell. Median Time to Sale

gives a more accurate picture than Average Time to Sale, which can be

skewed upward by small numbers of properties taking an abnormally

long time to sell.

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

February 2019 85 Days 3.7%

January 2019 82 Days -1.2%

April 2019 72 Days 7.5%

March 2019 74 Days 4.2%

September 2019 70 Days 2.9%

August 2019 66 Days -1.5%

July 2019 66 Days 0.0%

June 2019 69 Days 6.2%

May 2019 70 Days 6.1%

November 2019 70 Days -6.7%

October 2019 69 Days -5.5%

Month Median Time to SalePercent Change

Year-over-Year

December 2019 70 Days -5.4%

1.4%71 DaysYear-to-Date

January 2019 42 Days 13.5%

December 2018 35 Days 6.1%

35 Days 20.7%

February 2019 43 Days 7.5%

March 2019

August 2019 25 Days 0.0%

July 2019 25 Days 19.0%

June 2019 26 Days 23.8%

May 2019 28 Days 33.3%

April 2019 32 Days 39.1%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

December 2019 28 Days -20.0%

29 Days 7.4%Year-to-Date

November 2019 28 Days -17.6%

October 2019 27 Days -10.0%

September 2019 28 Days 7.7%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D0

20

40

60

80

100

120

140

Me

dia

n T

ime

to

Sa

le

0

20

40

60

80

Me

dia

n T

ime

to

C

on

trac

tMonthly Market Detail - December 2019

2015 2016 2017 2018 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month

2015 2016 2017 2018 2019

Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month

Page 6: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

Year-to-Date 42,734 1.3%

January 2019 3,531 9.6%

August 2019 3,480 -9.2%

July 2019 3,775 2.9%

June 2019 3,858 -4.0%

May 2019

December 2018 2,263 -0.6%

March 2019 3,887 -1.9%

February 2019 3,464 2.7%

4,321 4.2%

April 2019 3,970 2.0%

October 2019 3,718 5.3%

September 2019 3,298 -0.4%

December 2019 2,470 9.1%

November 2019 2,962 -0.7%

December 2018 2,247 -8.0%

Month New ListingsPercent Change

Year-over-Year

February 2019 3,074 1.3%

January 2019 2,841 -2.7%

April 2019 3,673 3.6%

March 2019 3,663 0.5%

June 2019 3,450 -0.5%

September 2019 2,716 -3.1%

August 2019 3,262 1.3%

9.0%

October 2019 3,093 9.2%

July 2019 3,385 4.5%

Economists' note : New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

Economists' note : Because of the typical length of time it takes for a

sale to close, economists consider Pending Sales to be a decent

indicator of potential future Closed Sales. It is important to bear in

mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed

Sales is susceptible to changes in market conditions such as the

availability of financing for homebuyers and the inventory of

distressed properties for sale.

Month New Pending SalesPercent Change

Year-over-Year

December 2019 2,325 3.5%

Year-to-Date 37,883 2.4%

May 2019 3,637 3.9%

November 2019 2,764

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

0

1,000

2,000

3,000

4,000

5,000

Ne

w L

isti

ngs

0

1,000

2,000

3,000

4,000

Pe

nd

ing

Sale

s

Monthly Market Detail - December 2019

2015 2016 2017 2018 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

New Pending SalesThe number of listed properties that went under contract during the month

2015 2016 2017 2018 2019

New ListingsThe number of properties put onto the market during the month

Page 7: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

November 2019 7,816 -12.2%

October 2019 8,089 -9.4%

Month InventoryPercent Change

Year-over-Year

December 2019 7,347 -11.4%

8,187 0.3%YTD (Monthly Avg)

-7.5%

August 2019 7,915 -7.8%

July 2019 8,291 -0.5%

September 2019 8,070

8,302 10.9%

June 2019 8,572 4.6%

May 2019 8,526 6.9%

April 2019 8,341 9.6%

March 2019

December 2019 2.4 -17.2%

November 2019 2.6 -16.1%

October 2019 2.7 -12.9%

September 2019 2.7 -12.9%

August 2019 2.7 -12.9%

July 2019 2.8 -6.7%

June 2019 3.0 3.4%

May 2019 2.9 0.0%

11.1%

April 2019 2.9 7.4%

March 2019 2.9 7.4%

December 2018 8,292 13.5%

February 2019 8,487 12.7%

January 2019 8,483 14.6%

Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

Economists' note : MSI is a useful indicator of market conditions. The

benchmark for a balanced market (favoring neither buyer nor seller) is

5.5 months of inventory. Anything higher is traditionally a buyers'

market, and anything lower is a sellers' market. There is no single

accepted way of calculating MSI. A common method is to divide

current Inventory by the most recent month's Closed Sales count, but

this count is a usually poor predictor of future Closed Sales due to

seasonal cycles. To eliminate seasonal effects, we use the 12-month

average of monthly Closed Sales instead.

YTD (Monthly Avg) 2.8 -3.4%

Month Months SupplyPercent Change

Year-over-Year

December 2018 2.9 11.5%

February 2019 3.0 11.1%

January 2019 3.0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

0.0

1.0

2.0

3.0

4.0

5.0

Mo

nth

s Su

pp

ly o

f In

ven

tory

0

2,000

4,000

6,000

8,000

10,000

12,000

Inve

nto

ry

Monthly Market Detail - December 2019

2015 2016 2017 2018 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

Inventory (Active Listings)The number of property listings active at the end of the month

2015 2016 2017 2018 2019

Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates

Page 8: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

$100,000 - $149,999 111 -6.7%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 1 -50.0%

$50,000 - $99,999 31 -20.5%

$150,000 - $199,999 307 -3.8%

$200,000 - $249,999 611 4.3%

$50,000 - $99,999 21 Days -8.7%

$100,000 - $149,999

$400,000 - $599,999 393 20.9%

$600,000 - $999,999 149 40.6%

27 Days 35.0%

Economists' note: Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 42 Days N/A

$1,000,000 or more 48 11.6%

$250,000 - $299,999 707 32.6%

$300,000 - $399,999 801 46.7%

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

$150,000 - $199,999 17 Days -46.9%

$200,000 - $249,999 23 Days -25.8%

$250,000 - $299,999

$400,000 - $599,999 41 Days 2.5%

26 Days -10.3%

$300,000 - $399,999 31 Days -27.9%

$600,000 - $999,999 70 Days -42.1%

$1,000,000 or more 85 Days -3.4%

0

20

40

60

80

100

120

140

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

n T

ime

to

Co

ntr

act

December 2018 December 2019

0

20

40

60

80

100

120

140

0100200300400500600700800900

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es

December 2018 December 2019

0100200300400500600700800900

Monthly Market Detail - December 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

Closed Sales by Sale PriceThe number of sales transactions which closed during the month

Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month

Page 9: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 5 -28.6%

$50,000 - $99,999 15 -51.6%

$100,000 - $149,999 75 -29.9%

Economists' note: New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

$150,000 - $199,999 221 -3.9%

$200,000 - $249,999 462 -2.1%

$250,000 - $299,999 553 40.7%

$300,000 - $399,999 584 10.0%

$400,000 - $599,999 346 8.5%

$600,000 - $999,999 142 34.0%

$1,000,000 or more 67 0.0%

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 9 -30.8%

$50,000 - $99,999 28 -62.2%

$100,000 - $149,999 183 -28.8%

Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

$150,000 - $199,999 454 -30.3%

$200,000 - $249,999 959 -24.3%

$250,000 - $299,999 1,213 -12.4%

$300,000 - $399,999 1,713 -7.8%

$400,000 - $599,999 1,465 6.1%

$600,000 - $999,999 789 -6.7%

$1,000,000 or more 534 -4.8%

0200400600800

1,0001,2001,4001,6001,8002,000

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry

December 2018 December 2019

0

100

200

300

400

500

600

700

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs

December 2018 December 2019

02004006008001,0001,2001,4001,6001,8002,000

0

100

200

300

400

500

600

700

Monthly Market Detail - December 2019

Orlando-Kissimmee-Sanford MSA

Single Family Homes

New Listings by Initial Listing PriceThe number of properties put onto the market during the month

Inventory by Current Listing PriceThe number of property listings active at the end of the month

Page 10: Monthly Market Detail - December 2019 Single Family Homes ...osceolarealtors.org/wp-content/uploads/2020/02/December-2019-1.pdfProduced by Florida Realtors® with data provided by

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.

December 2019 December 2018Percent Change

Year-over-Year

Traditional

3,080 2,537 21.4%

$285,000 $269,900 5.6%

Foreclosure/REO

57 52 9.6%

$220,000 $215,000 2.3%

Short Sale

22 29 -24.1%

$257,000 $225,000 14.2%

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

Monthly Distressed Market - December 2019

Orlando-Kissimmee-Sanford MSASingle Family Homes

2015 2016 2017 2018 2019

2015 2016 2017 2018 2019