Orlando Home Sales Dip as Prices Uptick in October

According to the Orlando Regional Realtor Association, Central Florida's housing market in October 2019 recorded a 6% year-over-year increase in median price and a small 1% decrease in sales. The inventory of homes available for purchase appears to be back on a declining trend, with a decrease (5%) for the third consecutive month. "Low inventory translates into opportunity for sellers," says Orlando Regional Realtor Association President Jeffrey M. Fagan. "Declining interest rates mean greater purchasing power, which is alluring to buyers, and our local demand is illustrated by an 8 percent increase in pending sales for October."