This month’s video will give you some insight into how the Orlando housing market did for the month of January 2019. Orlando had a decrease of 14% of homes sold this past month when compared to the year over year statistics. The average sales price of homes is $226,500, which is up 1% from January last year! Inventory in Orlando experienced a small increase of about 8% from this time last year, still making it challenging for buyers with only 8,243 homes for sale. This is a slight sign of optimism for the Orlando real estate market, meaning that people are starting to put their homes on the market once again and allows for buyers to have more choices when picking a home to buy.
What does that mean for you? If the shift continues, it could make selling a home in Orlando a little more difficult, with more homes on the market and more options for buyers. On the flip side, this shift could make buying a home slightly easier with a higher inventory amount to choose from. This shift could bring us into a buyers market.