Preparing for April 15th

Home Tax Breaks and Energy Credits

 

January's Orlando Housing Market Report shows a continued rise of median home sale price of 18% with sales experiencing their traditional January dip.

• The overall median price (all sales types and all home types combined) for the month of January is $149,950, an 18.07 percent increase compared to the $127,000 median price in January 2013. But the January median price is 6.28 percent lower than the December 2013 median price of $160,000, a month-to-month seasonal decline that occurs regularly. 

• "Normal" home sales (non-bank owned/non short sales) increased by 13.05 percent when compared to January 2013. Closings of short sales decreased by 56.13 percent while closings of foreclosures decreased 13.94 percent.  

• Single-family home sales decreased 11.38 percent in January 2014 compared to January 2013, while condo sales decreased 13.91 percent.
• Homes of all types spent an average of 72 days on the market before coming under contract in January 2014, and the average home sold for 96.35 percent of its listing price. In January 2013 those numbers were 80 days and 96.04 percent, respectively. 
• The average interest rate paid by Orlando homebuyers in January decreased to 4.47 percent. Last month, homebuyers paid an average interest rate of 4.57 percent; this month last year, homebuyers paid an average interest rate of 3.44 percent.   

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