Monday Morning Quarterback Summary - Orlando Regional REALTOR® Association

[Pages:17]Monday Morning Quarterback Summary

Week of July 24, 2022 - July 30, 2022

Single-family existing homes

Sales of single-family homes increased to 530 during the week of Jul 24, from 470 the week prior The median price of single family homes increased to $425,000, a change of 1.2% The number of single-family home foreclosure transactions increased to 4 last week, from 2 the week of Jul 17 The number of single-family home short-sale transactions remains constant at 0 Single-family inventory increased by 158, and now sits at 4,869

Condos, townhomes, and villas

Sales of condos, townhomes, and villas increased to 185 during the week of Jul 24, from 177 the week prior The median price of condos, townhomes, and villas increased to $262,500, a change of 1.0% The number of condo, townhome and villa foreclosure transactions remains constant at 0 The number of condo, townhome and villa short-sale transactions remains constant at 0 Condo inventory increased by 38, and now sits at 1,465

Detailed charts and graphs begin on page 2 of this report.

Monday Morning Quarterback

07/24/2022 - 07/30/2022 Lake, Orange, Osceola & Seminole Counties

Weekly Sales Bank Owned Short Sales Other

Total 530

4 0 526

Active Listings Bank Owned Short Sales Other

Months of Inventory

4,869 17 8

4,844

2.12

List Price

Average Original List Price Average Final List Price

$544,071 $528,049

Sale Price

Average Price $520,883 Median Price $425,000

Price Differences Original to Final List Price -$16,022

Original List to Sale Price - $ -$23,188 Final List to Sale Price - $ -$7,166

Original List to Sale Price - % Final List to Sale Price - %

Days on the Market

Avg Days Listing to Contract Combined Avg Days to Contract

Avg Days Listing to Closing Avg Days Contract to Close

Beds / Baths

Average Bedrooms Average Full Baths Average Half Baths

Square Footage

Average Square Feet

95.74% 98.64%

24 24 58 34

4 2 0

2,074

Single Family Homes

$250K to

$300K to

Under $250k

$300K

$400K

57

35

143

1

0

3

0

0

0

56

35

140

283

271

887

6

3

4

1

2

2

276

266

881

1.15

1.79

1.43

$203,620 $199,395

$189,705 $195,000

-$4,225 -$13,915 -$9,690 93.17% 95.14%

31 31 62 32

3 2 0

1,180

$282,720 $284,737

$274,536 $275,000

$2,017 -$8,184 -$10,201 97.11% 96.42%

19 19 53 33

3 2 0

1,360

$362,074 $358,666

$355,668 $360,000

-$3,408 -$6,406 -$2,998 98.23% 99.16%

22 22 55 33

3 2 0

1,619

$400K to $500K 119 0 0 119

1,128 2 3

1,123 2.19

$500K to $1M 150 0 0 150

1,755 2 0

1,753 2.70

Over $1M 26 0 0 26

545 0 0

545 4.84

$454,184 $447,511

$446,741 $445,000

-$6,673 -$7,443 -$770 98.36% 99.83%

21 21 53 32

4 2 0

2,043

$668,024 $660,882

$654,409 $627,950

-$7,142 -$13,615 -$6,473 97.96% 99.02%

22 22 59 37

4 3 0

2,666

$2,339,539 $2,109,962

$2,056,231 $1,310,000

-$229,577 -$283,308 -$53,731

87.89% 97.45%

53 55 93 40

5 4 1

4,232

Page 2

Monday Morning Quarterback

07/24/2022 - 07/30/2022 Lake, Orange, Osceola & Seminole Counties

Single Family Homes

Sale Prices (in thousands)

$600

$575

$550

$525

$500

$475

$450

$425

$400

$375

3/27

4/3

4/10

4/17

4/24

5/1

5/8

Orig List Price

5/15 5/22 5/29

6/5

6/12

Final List Price

Avg Sale Price

6/19 6/26

7/3

Median Sale Price

7/10

7/17 7/24

Weekly Sales

800

700

600

500

Period Average 583

400

3/27

4/3

4/10 4/17 4/24

5/1

5/8

5/15 5/22 5/29

6/5

6/12 6/19 6/26

7/3

7/10

7/17

7/24

704

582

599

560

677

580

533

576

633

657

565

632

456

767

419

558

470

530

Page 3

Monday Morning Quarterback

07/24/2022 - 07/30/2022 Lake, Orange, Osceola & Seminole Counties

Foreclosure Sales

10

Single Family Homes

8

6 Bank Owned

4

2

0

Short Sales

-2

3/27

4/3

4/10 4/17 4/24

5/1

BO 5

0

3

2

2

1

SS

0

2

1

3

0

2

5/8

5/15

5/22

5/29

6/5

6/12

6/19

6/26

7/3

7/10

7/17

7/24

1

1

5

1

5

3

2

8

2

1

2

4

0

2

1

0

2

0

0

1

1

0

0

0

Percentage of Sales

101.0%

Normal Sales

100.0%

99.0%

98.0%

1.5% 1.0%

3/27

4/3

99.3% 99.7%

Bank Owned

0.5%

0.0% -0.5%

BO SS

Short Sales

3/27 0.7%

4/3 0.0%

0.0% 0.3%

4/10 99.3%

4/10 0.5% 0.2%

4/17 99.1%

4/17 0.4% 0.5%

4/24 99.7%

4/24 0.3% 0.0%

5/1 99.5%

5/1 0.2% 0.3%

5/8 99.8%

5/8 0.2% 0.0%

5/15 99.5%

5/15 0.2% 0.3%

5/22 99.1%

5/22 0.8% 0.2%

5/29 99.8%

5/29 0.2% 0.0%

6/5

6/12 6/19 6/26

7/3

7/10 7/17 7/24

98.8% 99.5% 99.6% 98.8% 99.3% 99.8% 99.6% 99.2%

6/5 0.9% 0.4%

6/12 0.5% 0.0%

6/19 0.4% 0.0%

6/26 1.0% 0.1%

7/3 0.5% 0.2%

7/10 0.2% 0.0%

7/17 0.4% 0.0%

7/24 0.8% 0.0%

Page 4

Monday Morning Quarterback

07/24/2022 - 07/30/2022 Lake, Orange, Osceola & Seminole Counties

Single Family Homes

Average Days on Market

90

80

70

60

50

40

30

20

10 3/27 4/3 4/10 4/17 4/24 5/1

ListToConSterarciet s1 23

29

22

23

19

21

CombDaysSOenrMiekst2 24

29

26

24

21

22

ListToCloSseeries3 58

63

56

57

55

56

5/8 5/15 5/22 5/29 6/5 6/12 6/19 6/26 7/3 7/10 7/17 7/24

22

21

19

18

22

19

21

18

20

20

23

24

24

23

20

18

23

19

21

18

20

20

24

24

55

55

54

54

58

53

55

54

56

54

57

58

Total Actives

5,500 5,000

Change since Jan 1, 2022: +147.28% (1,969)

4,500

4,000

3,500 3,000

Period Average: 3,081

2,500

2,000

1,500

3/27 1,837

4/3 1,851

4/10 1,832

4/17 4/24 2,027 2,026

5/1 2,203

5/8 2,385

5/15 2,518

5/22 2,745

5/29

6/5

6/12

2,880 3,064 3,448

6/19 6/26 3,870 4,093

7/3 4,431

7/10 4,670

7/17 4,711

7/24 4,869

Page 5

Monday Morning Quarterback

07/24/2022 - 07/30/2022 Lake, Orange, Osceola & Seminole Counties

Single Family Homes

Percentage of Actives

100.0%

99.5% PNerocrmenaltSoafleAs ctives

99.0% 98.5%

98.0%

3/27 4/3 99.07% 98.81%

4/10 4/17 4/24

5/1

5/8

5/15 5/22 5/29

6/5

6/12

98.91% 98.96% 98.96% 99.09% 98.83% 98.81% 99.20% 99.31% 99.45% 99.51%

6/19 6/26

7/3

7/10 7/17 7/24

99.51% 99.36% 99.44% 99.49% 99.47% 99.49%

2.0% 1.5% 1.0%

Bank Owned Short Sales

0.5%

0.0%

BO SS

3/27 0.71% 0.22%

4/3 0.92% 0.27%

4/10 0.87% 0.22%

4/17 0.74% 0.30%

4/24 0.74% 0.30%

5/1 0.59% 0.32%

5/8 1.05% 0.13%

5/15 0.79% 0.40%

5/22 0.62% 0.18%

5/29 0.56% 0.14%

6/5 0.42% 0.13%

6/12 0.41% 0.09%

6/19 0.39% 0.10%

6/26 0.42% 0.22%

7/3 0.38% 0.18%

7/10 0.34% 0.17%

7/17 0.36% 0.17%

7/24 0.35% 0.16%

Active Foreclosures

30

25

20

Bank Owned

15

10

5

Short Sales

0

3/27

4/3

4/10 4/17 4/24

5/1

BO 13

17

16

15

15

13

SS

4

5

4

6

6

7

5/8

5/15 5/22 5/29

6/5

6/12 6/19 6/26

7/3

7/10 7/17 7/24

25

20

17

16

13

14

15

17

17

16

17

17

3

10

5

4

4

3

4

9

8

8

8

8

Page 6

Monday Morning Quarterback

07/24/2022 - 07/30/2022 Lake, Orange, Osceola & Seminole Counties

Temporary Off Market

125

Normal Sales Short Sales

100

Bank Owned

75

Single Family Homes

50

25

0

-25

3/27

4/3

4/10 4/17 4/24

5/1

Norm 63

56

52

47

57

47

BO

0

0

0

1

1

0

SS

0

0

0

0

1

1

Withdrawn

225

200 Normal Sales

175

Short Sales

150

Bank Owned

125

100

75

50

25

0

-25

3/27

4/3

4/10 4/17 4/24

5/1

Norm 77

52

67

59

72

77

BO

0

0

0

0

0

0

SS

5

3

1

3

1

1

5/8

5/15 5/22 5/29

6/5

6/12 6/19 6/26

7/3

7/10 7/17 7/24

66

70

56

51

70

63

72

74

61

74

82

76

0

0

0

0

0

0

0

0

0

1

0

0

1

0

0

0

0

0

2

2

0

1

1

1

5/8

5/15 5/22 5/29

6/5

6/12 6/19 6/26

7/3

7/10 7/17 7/24

63

61

53

94

73

80

95

145

101

113

128

137

0

0

0

0

0

0

0

0

0

0

1

0

1

0

1

3

0

2

1

2

0

3

1

1

Page 7

Monday Morning Quarterback

07/24/2022 - 07/30/2022 Lake, Orange, Osceola & Seminole Counties

Single Family Homes

Week of Jul 25, 2021:

0.21%

Short Sales, 0.16%

Week of Jul 25, 2021:

0.45%

Bank Owned, 0.35%

Week of Jul 25, 2021:

0.38%

Short Sales, 0.00%

Week of Jul 25, 2021:

1.00%

Bank Owned, 0.75%

Actives

Other, 99.49% Week of

Jul 25, 2021: 99.34%

Sales

Other, 99.25% Week of

Jul 25, 2021 98.62%

Page 8

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