Orlando Home Inventory Rises in April, as Sales and Prices Decline

According to the Orlando Regional Realtor Association, Orlando's housing market saw its inventory of available homes rise for the sixth consecutive month in April, while both year-over-year median price and sales each dipped by about 2 percent.
"Despite inventory gains, meager availability continues to impact sales," says Orlando Regional Realtor Association President Jeffrey M. Fagan. "The lower price ranges still reflect between two and three months of supply; not until we reach the $600,000 and above ranges do we see begin to see market conditions that favor buyers."

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