How was the Market in 2019 in Central Florida?

end of year stats

These are the stats from the Resort area (Kissimmee, South Clermont, Davenport) for 2019.

stats 2019

The median price of a resort area home has climbed 10.9% from a year ago to stand at $234,156 from $213,500 . The total market inventory was also higher with a 11.4% increase from 1,252 listings a year ago to 1,431 in December 2019.  The average days on market stood at 98 which was 4 lower than a year ago.  A SOLD home averaged 97.5% of its listed price which is the same percentage achieved a year ago. The number of homes withdrawn from the market during December having failed to sell was 50 which compared to 82 in December 2018 and 71 during November 2019.  Homes under offer/contract awaiting closure which provides an insight into the pipeline of forward closings stood at 429 in December which compared to 487 last month and a 405 pipeline total one year ago. Completed sales were 0.2% higher twelve months ago at 299 closings but down 5% from the 314 sales of November 2019. The total year end number of listings when considered against pace of sales indicates a 4.7 month availability of home inventory which is up from a 4.5 month level last month and also up on the 4.3 month total calculated a year ago. 

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