September was a busy month in the the real estate market posting new highs and new lows.
- The median home price in Orlando climbed 12% from September 2015. The median home price in September 2015 was $182,500 while September 2016 posted a median home price of $205,000.
- The number of homes sold increased by 3% from September 2015 to September 2016.
- The number of homes for sale in the Orlando market hit a new low since March 2014. The number of homes available decreased by 10% since September 2015.
Orlando housing inventory decreased for the 15th straight month. With demand high due to low interest rates and supply low, homeowners are enjoying selling their home for top dollar in today’s market.
Call Creegan to receive your current home price today – 407.622.1111.
This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.