The Oviedo Market
According to the My Florida Regional MLS (MFR MLS), there are currently 200 single family homes listed for sale in Oviedo and Chuluota, listed at a median price of $432,495. To see all the homes currently for sale in Oviedo priced between $250,000 and $500,000, see http://OviedoHomes.JeanScottHomes.com.
Per MFR MLS, 253 single family homes were bought and sold in Oviedo and Chuluota (32765 & 32766) in the most recent 90 days. Inventory for the Oviedo real estate market, including homes in 32766 in Chuluota, has decreased to 2.4 months from 2.5 months reported in February, an historically, strong sellers’ market. Homes that are in good conditions and priced correctly are going under contract quickly, especially in the $250,000 – $350,000 price range.
The median sale price for homes sold was $299,900. Median days to contract and close was 23 and 65, respectively. Contract-to-close time was 42. These numbers are essentially unchanged over the last several months. For the same period last year, 240 single family homes were bought and sold for a median price of $251,250. The median sale price for homes in Oviedo increased by 19.3% over last year.
Of the 253 homes sold, 239 (94.5%) were “normal” sales (neither short sales nor bank owned) with a median price of $309,000. They took 23 days to go under contract and 64 days to close. To compare, in 2012, only 52.4% of home sales were normal sales, with 48.6% being short sales or bank owned.
There were only 3 (1.2%) short sales. Median sale price was $150,000 and median days to contract and close, from the day they were put on the market, was 167 and 240, respectively. Contract-to-close time was an average of 4.4 months, holding steady in the historic 3-5 month range.
There were 11 (4.3%) bank owned home sales, also known as foreclosures or REOs in the last 90 days. The median sold price was $200,000 and median days to contract and close was 32 and 66, respectively.
Are you thinking about selling your home and moving? Learn more about us and what we have to offer by visiting http://LearnMore.JeanScottHomes.com.