According to the Orlando Regional Realtor Association, Orlando’s housing market in January 2020 marked a second consecutive month of double-digit year-over-year sales increases.

Low Housing Inventory in Orlando Driving Up Median Prices

Sales improved by more than 16 percent compared to January 2019, while the average home price experienced an 8 percent increase. However, the numbers of homes available for purchase in Orlando dropped by nearly 15 percent.

ORRA President Reese Stewart points toward few interesting pieces of data in this month’s housing report. “First off, Osceola County’s 25 percent increase in sales was by far the greatest of the four counties that make up the Orlando Metropolitan Statistical Area,” says Stewart. “Secondly, sales of duplexes, townhomes, and villas surged 37 percent above the January 2019 tally, and likely reflects our ongoing shortage of single-family homes priced below $300,000.”

Read the article: https://www.worldpropertyjournal.com/real-estate-news/united-states/orlando-real-estate-news/real-estate-news-orlando-regional-realtor-association-orlando-housing-market-data-orra-january-2020-housing-data-11823.php

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