Orlando Real Estate August 2020

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Real Estate Agent with Remax 200 Realty BK645994

Low interest rates, strong demand and declining inventory pushed the median price up double digits here in The City Beautiful. We saw an increase in sales of 4% last month compared with a year ago. I think we could have seen much better sales if it were not for the staggering 22% drop in homes available for sale since August of 2019. The median sales price soared 10% going from $250,000 last year to an all time high of $275,000 last month. At last month's sales pace, we are down to less than a 1.7 month supply of inventory.

#OrlandoRealEstate #Remax #Realtor

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