Orlando Housing Market- October 2019

Dated: 10/29/2019

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Orlando’s housing market in September recorded year-over-year increases in both sales (7%) and median price (5%). The inventory of homes available for purchase, however, saw a second consecutive decline after nine months of positive postings.

Driving Factors for Home Buyers- Near Historic Low Interest Rates

The average interest rate paid by Orlando homebuyers in September was 3.68%, down from 3.72% the month prior.

Increasing Rent Prices is making it more ideal for many to Buy and Own their home.

Why It's a Good Time to Sell- Low Inventory and High Buyer Demand

Current inventory combined with the current pace of sales created a 2.6-month supply of homes in Orlando for September. ( Below 6 Months Supply=Seller's Market, About 6 Months Supply=Buyer's Market)

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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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