Orlando Among Top Home Sales Growth Markets
Orlando and Miami are among the nation’s top 10 metros that have experienced some of the largest price increases in home sales in the country.
Midsize cities experienced some of the largest price increases while larger markets, like New York, saw price reductions. This suggests that secondary markets have benefited greatly from the overall housing recovery, with price gains significantly above larger markets.
With the spring real estate season around the corner, consumers who are planning to be in the market next year will want to keep an eye on these markets to make savvy buying or selling decisions.
The Orlando-Kissimmee-Sanford market ranked as second in the list of the top home sales growth markets. The Central Florida market saw an 11.6% change in median single family, 3 bedroom home prices. Orlando’s September 2015 transaction volume was 3,502, with a 58.7% change in transaction volume.
Ranking 3rd was the Miami-Fort Lauderdale-West Palm Beach housing market. South Florida had an 11% change in median single family, 3 bedroom home prices. In September, Miami’s transaction volume was 10,413. This resulted in a 33.4% change in transaction volume.
Clocking in as the 10th top home sales growth market, in addition to Orlando and Miami, was the Tampa-St. Petersburg-Clearwater market. Change in median single family, 3 bedroom home prices was 7%. The September transaction volume was 5,649, with a 60.1% change.
Contact one of our real estate agents today to discuss buying or selling in one of the above markets!
Source: “Orlando among top 10 growth markets in home sales,” Orlando Business Journal