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January 2014

Active
Total
Average
With
Inventory
Mtg Rate
Contract
**

New
New
Under
Listings Contracts Contract

Jul '12

3.78%

8,106

979

3,409

3,281

9,704

773

245

846

2,460 * 82

Aug '12

3.78%

8,128

1,053

3,459

3,393

9,362

717

271

821

2,702 * 79

Sept '12

3.58%

8,073

985

3,086

3,104

9,268

648

239

661

2,296 * 84

Oct '12

3.49%

8,094

995

3,332

3,253

9,252

741

196

723

2,582 * 79

Nov '12

3.47%

7,847

954

2,890

2,936

8,847

650

255

675

2,560 * 82

Dec '12

3.46%

7,384

862

2,278

2,497

7,883

654

549

688

2,505 * 80

Jan '13

3.44%

7,336

901

3,361

3,314

8,432

629

257

692

2,015 * 81

Feb '13

3.21%

7,183

963

3,213

3,250

8,825

569

231

591

2,317 * 84

Mar '13

3.65%

6,937

951

3,446

3,455

8,799

538

257

667

2,710 * 79

Apr '13

3.49%

7,202

938

3,852

3,435

8,785

685

253

673

2,768 * 76

May '13

3.64%

7,272

955

3,841

3,519

8,631

653

218

745

2,984 * 69

Jun '13

4.25%

7,616

1,004

3,732

3,191

8,441

676

245

714

2,659 * 68

Jul '13

4.51%

8,099

911

4,015

3,341

7,990

717

250

731

2,958 * 63

Aug '13

4.64%

8,576

874

3,922

3,146

7,519

722

249

752

2,900 * 67

Sept '13

4.49%

9,127

830

3,588

2,767

7,224

743

305

742

2,444 * 68

Oct '13

4.28%

9,470

727

3,942

3,106

7,099

749

298

779

2,384 * 64

Nov '13

4.36%

9,609

702

3,109

2,578

6,520

664

275

797

2,130 * 67

Dec '13

4.57%

9,421

524

2,833

2,353

6,026

693

586

787

2,376

ORRA
Originated
Sales

Total
Active
Average
Inventory
With
Mtg Rate
**
Contract

ORRA
Originated
Sales

New
New
Under
Listings Contracts Contract

Back on
Expired Withdrawn
Market

Back on
Expired Withdrawn
Market

Sales
Closed

Sales
Closed

Days on
Market

69
Days on
Market

* Corrected monthly sales. ** Includes listings with a status of "Active with Contract."
Complete stats and data may be found under Market Info at www.orlandorealtors.org. Comments or suggestions? Contact Mike Blinn,
Statistician.
Market Pulse data represents all listings taken or sold by ORRA brokers, regardless of location and is exclusive to residential property,
which includes townhomes, duplexes, single-family homes, and condos. It does not include vacant land or commercial transactions.

Dec '13
3

Nov '13
3

Oct '13
3

Sept '13
3

Aug '13
3

Closed Sales

Jul '13
3

Jun '13
3

May '13
3

Apr '13
3

Mar '13
3

Feb '13
3

Jan '13
3

Dec '12
2

Nov '12
2

Oct '12
2

Sept '12
2

Two-year Running Recap

10,000
10

8,000
8

Months of Inventory
6

New Contracts

4,000
4

2,000
2

New Listings

0
0

Months of Inventory

12,000

Aug '12
2

Jul '12
2

Jun '12
2

May '12
2

Apr '12
2

6,000

Mar '12
2

Feb '12
2

Jan '12
2

Dec '11
1

Units

January 2014

12

Total Pendings

January 2014

Average Monthly Mortgage Rate

5.50%
5.25%

2011

2012

2013

5.00%

2007

4.75%

2008

2009

4.50%
4.25%
4.00%
3.75%
3.50%
3.25%
3.00%
2.75%

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2011

4.84%

4.88%

4.91%

4.89%

4.66%

4.56%

4.53%

4.26%

4.19%

4.21%

4.10%

3.99%

2012

4.01%

3.92%

3.99%

4.03%

3.89%

3.80%

3.78%

3.78%

3.58%

3.49%

3.47%

3.46%

2013

3.44%

3.21%

3.65%

3.49%

3.64%

4.25%

4.51%

4.64%

4.49%

4.28%

4.36%

4.57%

Three-year History - Average Monthly Mortgage Rate

5.25%
5.00%
4.75%
4.50%
4.25%
4.00%
3.75%
3.50%
3.25%
3.00%

Dec '13

Nov '13

Oct '13

Aug '13

Sept '13

Jul '13

Jun '13

Apr '13

May '13

Mar '13

Jan '13

Feb '13

Dec '12

Oct '12

Nov '12

Aug '12

Sept '12

Jul '12

Jun '12

May '12

Apr '12

Mar '12

Jan '12

Feb '12

Dec '11

Oct '11

Nov '11

Aug '11

Sept '11

Jun '11

Jul '11

May '11

Apr '11

Mar '11

Jan '11

Feb '11

Dec '10

2.75%

January 2014

New Listings
5,000

2011
4,500

2012

2013

4,000

3,500

3,000

2,500

2,000

1,500

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2011

3,478

3,202

4,152

3,391

3,145

3,204

2,912

3,264

3,193

2,997

3,045

2,641

2012

3,318

3,323

3,386

3,432

3,471

3,214

3,409

3,459

3,086

3,332

2,890

2,278

2013

3,361

3,213

3,446

3,852

3,841

3,732

4,015

3,922

3,588

3,942

3,109

2,833

Three-year History - New Listings

4,800

4,400

4,000

3,600

3,200

2,800

2,400

Dec '13

Nov '13

Oct '13

Sept '13

Jul '13

Aug '13

Jun '13

Apr '13

May '13

Mar '13

Feb '13

Jan '13

Dec '12

Oct '12

Nov '12

Aug '12

Sept '12

Jul '12

Jun '12

May '12

Apr '12

Mar '12

Jan '12

Feb '12

Dec '11

Nov '11

Oct '11

Aug '11

Sept '11

Jun '11

Jul '11

Apr '11

May '11

Mar '11

Feb '11

Jan '11

Dec '10

2,000

January 2014

Inventory

17,000

2011
15,000

2006

2012

2007

2013

2008

13,000

11,000

9,000

7,000

5,000

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2011

14 398
14,398

13 480
13,480

12 533
12,533

11 480
11,480

10 969
10,969

10 559
10,559

10 349
10,349

10 055
10,055

9 931
9,931

9 973
9,973

10 136
10,136

9 732
9,732

2012

9,258

9,253

8,666

8,642

8,243

8,136

8,106

8,128

8,073

8,094

7,847

7,384

2013

7,336

7,183

6,937

7,202

7,272

7,616

8,099

8,576

9,127

9,470

9,609

9,421

Three-year History - Inventory


16,000
15,000
14,000
13,000
12,000
11,000
10,000
9,000
8,000
7,000

Dec '13

Oct '13

Nov '13

Aug '13

Sept '13

Jul '13

Jun '13

May '13

Apr '13

Mar '13

Jan '13

Feb '13

Dec '12

Oct '12

Nov '12

Sept '12

Jul '12

Aug '12

Jun '12

May '12

Apr '12

Mar '12

Feb '12

Jan '12

Dec '11

Oct '11

Nov '11

Sept '11

Aug '11

Jul '11

Jun '11

Apr '11

May '11

Mar '11

Feb '11

Jan '11

Dec '10

6,000

January 2014

New Contracts - Monthly

6,000

2011

2012

2013

5,000

4,000

3,000

2,000

1,000

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2011

,
3,747

3,777
,

4,526
,

4,156
,

3,678
,

3,680
,

3,244
,

3,466
,

3,304
,

3,084
,

2,887
,

2,800
,

2012

3,375

3,475

3,805

3,497

3,675

3,289

3,281

3,393

3,104

3,253

2,936

2,497

2013

3,314

3,250

3,455

3,435

3,519

3,191

3,341

3,146

2,767

3,106

2,578

2,353

Three-year History - New Contracts


5,000

4,500

4,000

3,500

3,000

2,500

Dec '13

Oct '13

Nov '13

Aug '13

Sept '13

Jul '13

Jun '13

Apr '13

May '13

Mar '13

Jan '13

Feb '13

Dec '12

Oct '12

Nov '12

Aug '12

Sept '12

Jul '12

Jun '12

Apr '12

May '12

Mar '12

Jan '12

Feb '12

Dec '11

Nov '11

Oct '11

Aug '11

Sept '11

Jun '11

Jul '11

Apr '11

May '11

Mar '11

Jan '11

Feb '11

Dec '10

2,000

January 2014

Total Under Contract


12,000

2011
11,000

2006

2012

2013
2007 2008

10,000

9,000

8,000

7,000

6,000

5,000

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2011

8 777
8,777

9 223
9,223

9 510
9,510

9 955
9,955

10 210
10,210

10 087
10,087

9 869
9,869

9 502
9,502

9 369
9,369

8 937
8,937

8 909
8,909

8 095
8,095

2012

8,709

9,348

9,748

10,078

10,291

9,963

9,704

9,362

9,268

9,252

8,847

7,883

2013

8,432

8,825

8,799

8,785

8,631

8,441

7,990

7,519

7,224

7,099

6,520

6,026

Three-year History - Monthly Total Under Contract


10,500

9,500

8,500

7,500

6,500

Dec '13

Oct '13

Nov '13

Sept '13

Jul '13

Aug '13

Jun '13

Apr '13

May '13

Mar '13

Feb '13

Jan '13

Dec '12

Oct '12

Nov '12

Sept '12

Jul '12

Aug '12

Jun '12

Apr '12

May '12

Mar '12

Feb '12

Jan '12

Dec '11

Oct '11

Nov '11

Sept '11

Aug '11

Jul '11

Jun '11

Apr '11

May '11

Mar '11

Feb '11

Jan '11

Dec '10

5,500

January 2014

2,000

Units off the Market - Withdrawn or Expired


2011

2012

2013

1,750

1,500

1,250

1,000

750

500

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

2011

1 675
1,675

1 517
1,517

1 602
1,602

1 619
1,619

1 265
1,265

1 333
1,333

2012

1,120

938

992

965

914

1,005

2013

949

822

924

926

963

959

981

Nov

Dec

1 169
1,169

1 161
1,161

1 232
1,232

1 182
1,182

905

1 388
1,388

1,091

1,092

900

919

930

1,237

1,001

1,047

1,077

1,072

1,373

Three-year History - Units off the Market - Withdrawn or Expired


2,500
2,300
2,100
1,900
1,700
1,500
1,300
1,100
900

Dec '13

Oct '13

Nov '13

Sept '13

Jul '13

Aug '13

Jun '13

May '13

Apr '13

Mar '13

Jan '13

Feb '13

Dec '12

Oct '12

Nov '12

Aug '12

Sept '12

Jul '12

Jun '12

Apr '12

May '12

Mar '12

Jan '12

Feb '12

Dec '11

Nov '11

Oct '11

Aug '11

Sept '11

Jun '11

Jul '11

Apr '11

May '11

Mar '11

Jan '11

Feb '11

Dec '10

700

January 2014

Thousands

Average vs Median Sales Price vs Sales


$300

3,500

$250

3,000

$200

2,500

$150

2,000

$100

1,500

$50

Median

Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
'12
'13
'13
'13
'13
'13
'13
'13
'13
'13
'13
'13
'13
$132.5 $127.0 $133.0 $140.0 $143.7 $145.1 $150.3 $157.0 $155.0 $156.0 $154.0 $155.0 $160.2

1,000

Average $172.9 $167.1 $172.7 $189.9 $187.2 $183.0 $197.3 $196.9 $200.8 $193.7 $192.6 $190.1 $201.8
Sales
2,505 2,015 2,317 2,710 2,768 2,984 2,659 2,958 2,900 2,444 2,384 2,130 2,376

Total Contracts vs New Contracts vs Sales

12,000

10,000

8,000

6,000

4,000

2,000

Total

Dec
'12
7,883

Jan
'13
8,432

Feb
'13
8,825

Mar
'13
8,799

Apr
'13
8,785

May
'13
8,631

Jun
'13
8,441

Jul
'13
7,990

Aug
'13
7,519

Sep
'13
7,224

Oct
'13
7,099

Nov
'13
6,520

Dec
'13
6,026

New

2,497

3,314

3,250

3,455

3,435

3,519

3,191

3,341

3,146

2,767

3,106

2,578

2,353

Sales

2,505

2,015

2,317

2,710

2,768

2,984

2,659

2,958

2,900

2,444

2,384

2,130

2,376

Dec '1
13

Nov '1
13

Oct '1
13

Sept '1
13

Aug '1
13

Jul '1
13

Jun '1
13

May '1
13

Apr '1
13

Mar '1
13

Feb '1
13

Jan '1
13

Dec '1
12

Nov '1
12

Oct '1
12

Sept '1
12

Aug '1
12

Jul '1
12

Jun '1
12

May '1
12

Apr '1
12

Mar '1
12

Feb '1
12

Jan '1
12

Dec '1
11

Nov '1
11

Oct '1
11

Sept '1
11

Aug '1
11

Jul '1
11

Jun '1
11

May '1
11

Apr '1
11

Mar '1
11

Feb '1
11

Jan '1
11

Dec '1
10

Days

January 2014

Average Days - Contract to Close

75

70

65

60

55

50

45