We have crunched the numbers and analyzed the data for you this month. Every month the Orlando Regional Realtor Association provides statistics on the 15th of each month and we compile that data into one infographic for you. Here is your look at June! My preferred method for reading the market news is over a great cup of coffee. How about you?
Sales are Down!
The number of homes sales declined 11% since last year. That normally would be bad news, but we can pretty confidently say that this is all due to the lack of inventory available. The number of buyers in the market still feels strong, they are just having a hard time getting into a house with so few options for sale. Pending sales are also down and that is likely due to the same exact cause. The number of listings available cannot keep up with current demand and that leaves buyers to continue their search or step back in hopes more listings hit the market soon.
Prices
The median price just dipped slightly since last month. Last month marked an 11 year high, but overall the prices have been holding steady for the last 12 months with median prices around $220,000-$235,000. They are holding steady and stable at the moment. Download the PDF and read the 2 ways to get top dollar for your home in this market.
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