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

Orlando Regional Realtor Association | May 21, 2019

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."

Spotlight

We are seeing a broad-based real estate pullback, with prices correcting in most tier-1 and tier-2 cities alongside sharp drops in transaction and new launch volumes. The drivers for this slowdown are a mix of supply-side factors (banks have pulled back lending to developers) and demand-side factors,

Spotlight

We are seeing a broad-based real estate pullback, with prices correcting in most tier-1 and tier-2 cities alongside sharp drops in transaction and new launch volumes. The drivers for this slowdown are a mix of supply-side factors (banks have pulled back lending to developers) and demand-side factors,

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