The Greater Orlando Regional Realtor Association released its report on May’s housing market, showing that sales, median home prices, and inventory are all on the rise. What does this mean for the Orlando Summer Market? It seems to be good news according to area experts.
Overall sales by ORRA members increased 10.6 percent from May 2018 and 13.9 percent from April 2019.
The overall median price of Orlando homes in May went up to $243,ooo from $233,000 in May 2018.
The overall inventory of homes available for purchase showed a 8.5 percent increase compared to May 2018.
Our Monthly Market Pulse feature for July is showing some strong figures as well.
What Does This Mean For Me?
Each property has its own story and needs to be evaluated individually, but that process can be started easily online. You can simply go click here to being your process.