During the month of December, Orlando’s Housing Market once again saw its year over year median price increase.
The inventory of homes available for purchase also experienced an increase, while the number of home sales decreased significantly compared to the same time last year . The median price of an Orlando Home Sold during December was $232,750, which is a 1% bump compared to December 2017; a total of 2,412 homes sold during the month which is a decrease of 21% compared to last year.
Would be buyers continue to be challenged by the limited number of homes available for sale in Orlando. Compared to December 2017? The number of homes in the market has increased by 5%. But there are only 7,872 homes currently available for sale.
For the full report, please visit ORRA Market Pulse
Are you thinking about selling your home and moving? We can apply this information and your local market data to value the price of your home to buyers. Learn more about us.
If you’re looking to buy, we can help you compete strategically for the limited inventory of quality, well-priced homes on the market. Call us today at 407-765-2912 to schedule your free, no-obligation buyer consultation.