Orlando Real Estate November 2020

I am a bit late on this one, but I will be catching up. Here is the #OrlandoRealEstate market report for November 2020. For all the investors out there that thought people would be desparate to sell due to the pandemic, it just is not happening. In fact the big story in our market is the continued drop in inventory of homes available for sale. Inventory in November was down to 5,583 which is over 26% fewer homes than November 2019. And if you thought demand would be down too - that's a big nope! Sales in November were up over 20% to 3,251 compared to 2,701 a year earlier. With such high demand and low levels of inventory, the median price jumped over 14.5% to $275,000 compared to $240,000 in 2019. Check out the video for more.