Orlando Housing Market Enjoys Healthy Sales Jump in May

According to Orlando Regional Realtor Association, Orlando's key housing marketing indicators all posted positive gains in May 2019, with sales jumping 10 percent compared to the same month last year. The median price rose more than 4 percent, and inventory enjoyed another consecutive monthly gain of 8 percent. We are expecting to see moderate sales gains for rest of the selling season to be supported by factors such as stabilizing prices; mortgage rates that are holding steady and even dropping a bit and Orlando's strong job growth, says Orlando Regional Realtor Association President Jeffrey M. Fagan. Regular gains in inventory, albeit smaller than buyers would like, are boosting sales a bit as well.