Orlando real estate sales and prices are both up for July 2020, even as inventory plummets 22% compared to a year ago. The official closed sales number comes in way lower than what I saw in the multiple listing service, but still up from a year ago. 3,679 sales were recorded compared to 3,628 in July 2019. The median sales price rose to a new high of $270,000 up 9% from last year’s $247,300. With strong sales and sinking inventory, currently Orlando has less than a 1.7 month supply of homes available for sale.

Check out this brief video breakdown.

#OrlandoRealEstate

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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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