Real Estate Market Stats for The Orlando Metropolitan Area
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During November 2020, Orlando housing showed significant increases in home sales and home prices. A total of 3,251 homes sold during the month, 20% more than the 2,701 sales in November 2019. The median price of an Orlando home sold in November 2020 was $275,000, a 15% increase over November 2019.
Inventory on the other hand fell again year-over-year and would-be buyers continue to be challenged by the limited number of homes available for sale in Orlando. Compared to November 2019, the number of homes on the market decreased by 26%. There were 5% fewer properties available in November 2020 as compared to the prior month.
There are currently 5,583 homes listed for sale. With 3,251 homes sold, that’s less than two months of inventory, a very strong sellers’ market.
For more information, see the Orlando Regional REALTORS® Association fully detailed Market Pulse Report, published every month on or shortly after the 15th of each month.
If you or any family or friends are considering buying, selling, or would like more information, we are happy to help! No cost or obligation.
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