The median price of Orlando homes sold during the month of August increased nearly 10 percent. Inventory continued its year-over-year slide and dropped about 16 percent.
AUGUST BY THE NUMBERS
Median Price $225,000 (UP 10%)
Sales 3544 (UP 3%)
Pending Sales 5666 (UP 14%)
New Listings 4107 (UP 0.4%)
New Contracts 3431 (UP 34%)
Inventory 8833 (-16%)
Stats for Orlando Real Estate market
Florida continues to show strong economic signs. A large percentage of households believe the economy is improving — a three percent quarter-over-quarter increase, and a nine percent year-over-year increase. NAR attributes the boost in the economic outlook to increased confidence in personal finances. Sixty-two percent of respondents believe their financial situation will be better in six months, a 4.8 percentage point increase from Q2.
Amazon has made it official: It will build a new warehouse south of Orlando International Airport that will open in 2018 with 1,500 new jobs. The high-tech facility would have potential to expand to 2.4 million square feet to supply the region’s growing need for e-commerce delivery, according to planning documents filed with Orange County. Amazon said full-time jobs at the new warehouse would come with benefits such as health insurance, a retirement savings plan, 20 weeks of paid parental leave and tuition reimbursement in related fields.
“It’s a major investment by a big-name company in our region,” said Laureen Martinez, a spokeswoman for the Orlando Economic Partnership. “There will be a variety of positions there, and some will be in the high-pay category.”