Orlando Housing Market Update- Sept. 2019

Dated: 09/20/2019

Views: 79

In August, the Orlando housing market saw both its largest increase (+9%) in year-over-year median price and its first inventory decline (-2%) in 2019.  

  • Median Price- $250k
  • Average Price- $294,483
  • days on the Market- 49

As a Realtor who works a lot with 1st Time Homebuyers, I can say that it's an ongoing challenge to find lower-priced housing options with our inventory still remaining low in that category.  However, with the interest rates being very favorable as well as many other local economic indicators, the Orlando housing market does remain strong.

 

For those who wants to sell their properties, this might be the ideal market to do so. With just a little bit over 2 months of Supply, it is a very strong Sellers Market and we can really use the inventory.

 

For those who may be thinking about buying, take advantage of the very low Interest rates which will help your money go farther. This comes in very useful specially in this current market conditions. 

Thinking about Buying or Selling? Contact me so we can sort through your options together.

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Rizza Gloriani

My mission is to be the Realtor that you can trust, bring every question to, and feel confident in the fact that I will be there every step of the way to see that your property goals are accomplished,....

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