Orlando Real Estate Market Update August 2020

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After months of paused transactions due to Covid-19 this has created a surge of new home buyers now the Orlando Market is in the black, medium home sales are up and inventory is at its all-time low!

In the month of july 2020:

  • 3,679 homes sold. That’s up 1% from the previous year.
  • Medium sales price: $270,000. Almost 10% increase in one year.
  • Inventory is down by 22% from a year ago!
  • 5% fewer properties on the market now than they were last month.
  • 6,220 homes for sale, meaning there’s a  months supply! Such a sellers’ market!
  • This pushes home prices up and up.
  • Record low interest rates. We are now at an avarage of 2,97%!
  • Cheap money allows the consumer to get more home for their money.

When is this market going to shift?

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