Market Update Report for Osceola County Comparing September 2017 to September 2016. This page will be updated monthly to show you the MTD activity as well as the YTD activity for Osceola County. The listings are updated daily for Osceola County. Let me know if you have any questions or if you need any additional information. The Petridis Home Team is ready to show you any of these homes.
September property sales were 319, down from 522 in September of 2016 and -48.5% lower than the 620 sales last month. September 2017 sales were at their lowest level compared to September of 2016 and 2015. September YTD sales of 5,045 are running 5.2% ahead of last year's year-to-date sales of 4,797.
The median sales price in September was $210,000, up 12.5% from $186,660 in September of 2016 and up 2.0% from $205,950 last month. The average sales price in September was $234,769, up 13.5% from $206,862 in September of 2016 and up 4.6% from $224,479 last month. September 2017 ASP was at highest level compared to September of 2016 and 2015.
Inventory & MSI
The total inventory of properties available for sale as of September was 2,129, down -6.9% from 2,287 last month and down -19.8% from 2,653 in September of last year. September 2017 Inventory was at the lowest level compared to September of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2017 MSI of 6.7 months was at its highest level compared with September of 2016 and 2015.
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for September was 68, up from 65 days last month and down from 73 days in September of last year. The September 2017 DOM was at its lowest level compared with September of 2016 and 2015.
Selling Price Per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low-end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The September 2017 selling price per square foot of $124 was up 4.2% from $119 last month and up 11.7% from $111 in September of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The September 2017 selling price vs list price of 95.8% was down from 95.9% last month and up from 95.7% in September of last year.
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in September 2017 was 493, down -39.3% from 812 last month and down -38.5% from 802 in September of last year.
Amazing two bedroom, two bath condo with a stunning water view along the golf course. The kitchen features cabinets, counter tops, and a breakfast bar overlooking the din...
Fully Furnished Key West style resort condominium just minutes from Disney! Great rental income potential! Amenities include: Gated Community, Two heated resort pool and...
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Exceptional fully furnished 2 bed 2 bath third floor condo in the gated upscale short term rental Windsor Palms resort community with 24 hour entrance security. Windsor P...
Nestled deep in Artisan Park, this condo offers a park view, fresh paint, open layout, attached garage, and is ready for immediate occupancy! This unit offers an upgraded...
Nice 3/2 townhouse in the very much desired Lucaya. This gated resort style community, is close to parks ,stores , and restaurants. The club house has a Pool,gym,communit...