Orlando Real Estate April 2020

By
Real Estate Agent with Remax 200 Realty BK645994

As expected, Orlando saw  pretty big drop in sales last month due to the COVID-19 pandemic. We saw lower sales and lower inventory as buyers and sellers alike followed the safer at home order. Sales dropped by 28%, and inventory continued its long decline dropping by 3%. The one interesting statistic was the increase in the median price by 12%. I suspect job losses and furloughs disproportionately effected buyers in lower price ranges, pushing the median sales price up. The moratorium on evictions may also have kept some investors from being able to sell rentals that are often in the lower price ranges. 

Check out this brief video breaking down the #OrlandoRealEstate market results for April 2020.

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Topic:
Real Estate Market Trends
Location:
Florida Orange County Orlando
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RE/MAX Active Rain Bloggers
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At Home with Cultural Diversity (AHWD)
Canadian Bacon
Tags:
orlando real estate
orlando real estate agent
orlando real estate statistics

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Rainmaker
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

May 20, 2020 01:01 AM #1
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Rainmaker
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David Welch

#OrlandoRealEstate Optimist
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