Real Estate Update

Although we continue to see a drop in inventory in the Orlando area – it is at its lowest point since August 2001 – days on market have kept relatively stable over the past year. Moreover, the list to sale price ratio has also remained virtually unchanged since the last time inventory was this low. These types of factors show there is not “the mad dash to land a property before it’s gone” syndrome prevailing market wide as is being reported by some outlets. The fact is, lower rates and a low Affordability Index will continue to bring more and more buyers to our market, which will have an adverse effect on the inventory.
From The Orlando Regional Realtor® Association

For more information on homes for sale in the Central Florida area.

To view graphs for inventory, new listings, ave. mortgage rates and sales pending.