The housing market has continued to shift more and more as the months go by. Inventory numbers have risen as the median prices have continued to drop, according to the Orlando Regional Realtor Association. Compared to last year, there was approximately a 2 percent dip compared to last year’s median price and sales numbers.
By comparing statistics from April of 2018, to April of 2019, experts have been able to note that the median price for homes has decreased since April 2018. They also noted that the affordability index rose as well. With the pricing dipping, the inventory rising, and the affordability index slowly increasing to 100%, Orlando’s housing market is becoming more and more a buyers market and more appealing (and affordable) for first-time homebuyers.
For more information about this change in the market, see this article by the World Property Journal.