JLL Pulse360 Orlando // 2015 | Page 19

// HOUSING SALES TRADITIONAL FORECLOSURE (REO) SHORT SALE JULY 2015 % CHANGE Y-O-Y CLOSED SALES 2,633 47.8 MEDIAN SALES PRICE $215,000 -2.3 CLOSED SALES 543 -8.6 MEDIAN SALES PRICE $155,000 15.7 CLOSED SALES 138 -33.7 MEDIAN SALES PRICE $150,000 -4.6 // HOUSING SALES BY COUNTY • The median sale price in the Orlando metro is currently $200,000 for a single family home, 5.3 percent higher than this time last year. Additionally, sales volume has increased 28.3 percent since this time last year. • Inventory in the market is moving significantly faster than it did just one year ago as the median number of days on the market has decreased by 49.3 percent to 34 days. Further, the majority of homes taking longer than 34 days to sell are on the more expensive side of the spectrum, listing for $250,000 or more. • Sales prices are being propelled upwards in LAKE COUNTY Median sales price $172,950 Number of closed sales 585 SEMINOLE COUNTY Median sales price $220,000 Number of closed sales 704 part by the decreasing share of distressed properties in the market. The number of closed short sales and foreclosures has decreased by 33.7 percent and 8.6 percent, respectively year-over-year, while the number of traditional non-distressed sales has increased by 47.8 percent. • There is currently a four month supply of inventory in the market, 18.6 percent less than the 4.9 month supply in the market this time last year. ORANGE COUNTY Median sales price $217,250 OSCEOLA COUNTY Number of closed sales 1,564 Median sales price $166,000 Number of closed sales 461 ORLANDO PULSE // 19