This month’s video will give you some insight into how the Orlando housing market did for the month of December 2018. Orlando had a significant decrease of 21% of homes sold this past month when compared to the year over year statistics. The average sales price of homes is $232,750, which is up 1% from December last year! Inventory in Orlando experienced an increase of about 5% from this time last year, still making it challenging for buyers with only 7,872 homes for sale. This slight shift in inventory vs. homes sold could be the continuation of a buyers market shift.
What does that mean for you? If the shift continues, it could make selling a home in Orlando a bit more difficult, makes buying a home slightly easier with more homes to choose from, shifting us into a buyers market. Have any additional questions? Ready to get to work on buying or selling your home? Our team is here to help, contact us today!