Orlando's meager inventory continues to stifle sales and drive prices up.
The inventory of homes available for purchase in the Orlando area displayed its greatest percentage decrease yet in 2018, contributing to a second consecutive month of slower sales. However, buyer demand is continuing to boost the area's median price.
May by the Numbers
Median Price
$239,180
+7%
Sales
3,451
-11%
Pending Sales
5,206
-12%
New Listings
4,128
-11%
New Contracts
3,188
-7%
Inventory
7,558
-17%
Interest Rate
4.61%
Compared to June 2017
Based on a 30-year fixed-rate mortgage.
