According to the Orlando Sentinel, “the median price of a Central Florida home dropped in May.” This is the start of an entirely different trend for the housing market: we’ve been seeing increasing prices continuously without fail over the last several years.
Other notable changes include the average sales prices. The Orlando Regional Realtor’s Association notes that average sales prices fell between April of 2019 to April of 2019. They calculate that sales are down 9.2% in the Central Florida housing market.
As we look at this trend, it’s important to note that the market is shifting in various parts of the county. The higher-populated cities with growing economies are seeing fast changes to their housing prices compared to other parts of the country.
For more information on this, click here to see the Orlando’s Sentinel’s full article on the current Central Florida housing market.