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FannieHillman.com | 7 HILLMA N HOMES | M A R K E T R E P O R T s our busy fall season winds down, there is no sign of the market slowing down, instead it continues to strengthen. Savy homebuyers are taking advantage of greater inventory as well low interest loans and buying homes before a larger rise in pricing occurs. The existing home market in Orange and Seminole counties remained strong in 2015, as the area reported overall higher sales and pricing in select zip codes, according to the newly published Hillman Report. This comprehensive report takes a look at the Winter Park, Maitland, College Park, Baldwin Park, Windermere and downtown housing and condominium markets. Although we did not see a dramatic change in any category, the number of transactions for 2015 as compared to 2014 were up in some categories, and the overall number of sales and prices were up as well. The most positive news is the reduction of distressed properties, with a year-to-year variance down over 47 percent. Over the past years, the Greater Orlando area has emerged from a challenging economy, and having fewer distressed units on the market is helping to foster a "healthy" state for the housing market. Sales of Lakefront single-family homes in three key zip codes (32789, 32792, & 32751) rose with the highest jump in pricing and transactions. The Baldwin area (32814) continued to show the most consistent growth year-to-year, with average pricing 5.6 percent higher over a year ago. Pricing for homes in the $249,999 and under range showed the most significant growth, with median prices at $167,500, 7.5 percent over 2014. For condominiums and townhomes over $500,000, the Hillman Report showed a decrease of 6.7 percent in the overall price to $812,627. Notable exceptions in key zip codes of 32804 and 32803, which reported higher pricing in both sectors, 25.7 percent and 19.1 percent, respectively. With continued lower mortgage rates and an average of four months of inventory, the Orlando housing market displayed a 15 percent increase in annual sales and a 9 percent increase in median price. Although the market appears to be off to a relatively slow start, in comparison to 2014 and 2015, several key statistics suggest that 2016 should be yet another strong year. We will continue to keep our eyes on market activity and trends to inform our customers as fresh data becomes available. THE MOST POSITIVE NEWS IS THE REDUCTION OF DISTRESSED PROPERTIES, WITH A YEAR-TO-YEAR VARIANCE DOWN OVER 47 PERCENT. Orlando's Home Market Remains Strong Entering 2016 A

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