Orlando Real Estate

Orlando Real Estate
Helping Orlando Home Owners and Home Buyers Since 1997 - #OrlandoRealEstate

Orlando Real Estate Market April 2020

Sales and inventory were down as expected as buyers and sellers followed ‘safer at home’ orders. We saw a 28% decline in sales compared to a year ago, while inventory dropped only 3%. The median sales price jumped 12%. My thought is that buyers in lower price ranges were disproportionately effected by furloughs and layoffs. There has also been a moratorium on evictions, so investors may have had difficulty getting tenants out, which may have had an impact on sales of less expensive homes. Check out this brief video breakdown of #OrlandoRealEstate market results for April 2020.

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