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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David Welch

David Welch

Broker-Associate

David Welch has the experience and know how to help you with one of your biggest decisions. Selling or buying in Orlando? Contact David for a FREE second opinion.

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