Take the sales increase with a grain of salt. Remember last year, May sales were way off due to COVID-19. That being said, sales did climb 82% compared with a year ago, and the median price soared 15% compared with May 2020. Over that same time, the inventory of homes of all types available for sale has plummeted 61%. Sales last month outpaced the inventory, meaning we have less than a one month supply of homes available for sale in Orlando. That may be starting to turn around though, because the 2,822 homes for sale represented a 6% increase in supply compare with the month before. Also, the median price has remained steady for the last few months at $300,000. #OrlandoRealEstate #Remax #Realtor
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