This month’s video will give you some insight into how the Orlando housing market did for the month of November 2018. Orlando had a decrease of 7% of homes sold this past month when compared to the year over year statistics. The average sales price of homes is $233,100, which is up 4% from November last year! Inventory in Orlando experienced a small increase of about 2% from this time last year, still making it challenging for buyers with only 8,432 homes for sale. This slight shift in inventory vs. homes sold could be the start 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.