The year ended on a positive note. A 15 percent increase in annual sales and a 9 percent increase in median price. Prices are definitely moving up at a good rate.
The median price of all existing homes combined sold in December 2015 — $185,000 — is a 9.47 percent increase from the $169,000 median price recorded in December 2014, and a 0.54 percent increase compared to November 2015.
Each individual county’s monthly sales comparisons are as follows:
- Lake: 5.54 percent below December 2014;
- Orange: 1.61 percent below December 2014;
- Osceola: 11.91 percent below December 2014; and
- Seminole: 15.69 percent above December 2014.
Each county’s 2015 year-end sales comparisons are as follows:
- Lake: 8.93 percent above 2014;
- Orange: 15.58 percent above 2014;
- Osceola: 10.19 percent above 2014; and
- Seminole: 14.69 percent above 2014.
Overall, things are looking up for Real Estate in 2016 and considering the turmoil in the world with elections, oil crisis, stock market volatility, real estate is looking even better as an investment.