The Oviedo Market
According to the My Florida Regional MLS (MFR MLS), there are currently 172 single family homes listed for sale in Oviedo and Chuluota, listed at a median price of $409,945. To see all the homes currently for sale in Oviedo priced between $200,000 and $500,000, see http://OviedoHomes.JeanScottHomes.com.
Per MFR MLS, 185 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 inched up to 2.8 months from 2.6 months reported in January. This remains a very strong sellers’ market. Homes that are priced correctly and in good condition are going under contract quickly, especially in the $200,000 – $300,000 price range.
The median sale price for homes sold was $274,900. Homes in Oviedo and Chuluota are still affordable according to ORRA affordability statistics. Median days to contract and close was 23 and 68, respectively. Contract-to-close time was 45. These numbers are essentially unchanged over the last several months. For the same period last year, 224 single family homes were bought and sold for a median price of $278,200. The median sale price for homes in Oviedo dipped 1.2% over last year.
Of the 185 homes sold, 170 (91.9%) were “normal” sales (neither short sales nor bank owned) with a median price of $275,000. They took 23 days to go under contract and 65 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 6 (3.2%) short sales. Median sale price was $204,950 and median days to contract and close, from the day they were put on the market, was 117 and 256, respectively. Contract-to-close time was 4.6 months, still in the historic 3-5 month range.
There were 9 (4.9%) bank owned home sales, also known as foreclosures or REOs in the last 90 days. The median sold price was $241,200 and median days to contract and close back was 42 and 80, 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.