Resident Realtors: Realtor Report

This neighborhood market report is brought to you by our Resident Realtors, John Scolaro with Coldwell Banker Realty and Kendle Arribas with The Agency. Both are long-term residents of Hidden Springs and have a deep understanding of our community. If you're thinking about selling your home and would like a free market evaluation, please contact either of them via the links above. 

​

Orlando's State of the Market

“We saw a break in the nine-month streak of rising inventory in October, as interest rates rose back into the 6.0s,” said Rose Kemp, President of the Orlando Regional REALTOR® Association. “While inventory has shifted, this still represents a significant improvement compared to last year, offering more opportunities for buyers. With the holidays approaching, we typically see a market cooldown, but it will be exciting to see how the rest of the year unfolds. Additionally, with the election period now over, its impact on market conditions will also be interesting to follow.”

​

In the greater Orlando market:

• Inventory for October was recorded at 11,357, down 1.8% from September when inventory was recorded at 11,560. This breaks a nine-month streak of rising inventory.

• Inventory in October 2024 was still 45.4% higher than in October 2023.

• October’s interest rate was recorded at 6.4%, up from 5.9% in September.

• The median home price for October was recorded at $388,990, up from $380,000 in September.

• Homes spent an average of 60 days on the market (DOM) in October – up slightly from 58 in September.

• Overall sales decreased by 7.3% from September to October. There were 2,249 sales in September and 2,085 sales in October.

• Pending sales fell by 20.7%, with 3,490 in September and 2,767 in October.

• New listings fell 7.6% from September to October, with 3,260 new homes on the market in October, compared to 3,530 in September.

Hidden Springs/Estates Activity

For the period of October 1-November 26, 2024, our neighborhood has two homes currently active two homes are pending. One home is for sale on Pitch Pine Drive for $587,500 and the other is for sale on Cedar Pine Drive for $650,000. There is a pending sale on Pitch Pine Drive and on Pine Springs Drive. Updates to your home, proper maintenance and curb appeal all add value. When our neighborhood looks good, it helps increase everyone’s home values. Please do what you can to keep your homes looking their best both with interior updates as well as landscaping and lawn maintenance.

​

Real Estate Report for Hidden Springs/Estates

October 1-November 26, 2024

​