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This Old House - Do-it-Yourself

Orlando's Housing Market Continues to Increase from 2017

Written by Posted On Monday, 08 October 2018 11:19

           According to Orlando Regional Realtor’s Association, Orlando’s Housing market once again saw an increase in the month of August while the number of houses that sold and the inventory listed experienced a decline compared to this time last year.

The annual median price of a home in Orlando during August 2018 was of $231,000; which is a 3% increase as compared to the median price of $225,000 that was seen in August 2017.

A total of 3,374 homes sold during the month which is a decline from this same time last year in which 3,580 homes sold, signifying a decrease in sales of about 6%.

Compared to 2017 the number of inventory homes in the market has dropped by about 12%, Buyers looking for homes are being challenged due to the limited number of homes for sale in Orlando with only 7,808 available during August.

            Due to so much competition for homes combined with increasing interest rates, it is advisable for buyers to act fast on homes they may fall in love with; sellers, on the other hand, are in a great position to get the biggest return on their properties that we have seen in years if they list today.


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Jose Vela

Jose Vela is a broker associate for RES Real Estate Solutions LLC. He is a certified negotiations expert, pricing strategy advisor, and real estate sales trainer. In addition, Jose has been featured in Orlando Style Magazine as one of their 5-star realtors of 2016. His mission is to help buyers and sellers of real estate across Orlando Fl navigate through one of the most important decisions of their lives while ensuring quality service and unparalleled attention. Recently he obtained his New Home Co-Broker certification in order to expand his knowledge into the new construction side of real estate, making Jose an unrivaled expert in the real estate market.
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