Orlando real estate sales and prices up double digits, but inventory plunges.
Sales last month were up 16% compared to a year ago, with 3,478 closed sales of all types of homes. The strong demand pushed prices up 10% compared to last year with a median sales price of $270,000. The number of homes available for sales continues to drop with only 5,972 homes of all types currently on the market. That is a 23% drop from last September. With such strong sales, and such low inventory, we currently have only about 1.7 months supply of homes available for sale here in Orlando. While this represents a very strong seller's market, interest rates below 3% make this a great time to buy as well. Check out this short video breaking down the #OrlandoRealEstate market results for September 2020.