Last month sales were up 16% compared to September 2019, with 3,478 closed transactions. The strong demand pushed prices up 10% compared with a year ago, with a median sales price of $270,000. The number of homes available for sale continues to decline with only 5,972 homes of all types currently on the market. That is a 23% drop from a year ago. With strong sales, and such low inventory, we currently have only about 1.7 month supply of homes available for sale here in Orlando. While this represents a very strong seller’s market, interest rates below 3% make this a great time to buy as well. Check out this short video breaking down the #OrlandoRealEstate market results for September 2020.
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