The #OrlandoRealEstate market report for December is more of the same. Sales are soaring, and inventory is in a freefall. This is pushing prices ever higher. Sales in December were up 21% compared to a year ago with 3,672 closed sales compared to 3,033 in 2019. The inventory of homes available for sale has absolutely plummeted 31% over the same time period. As of the end of December only 4,875 homes of all types were available for sale, giving Orlando just over a 1.3 month supply of inventory. The continued strong demand for homes, and declining inventory pushed prices up 10% year over year. The median sales price was up from $249,000 to $275,000. Check out this brief video breaking down our local market for December 2020.
#Remax #Realtor
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