The Orlando housing market experienced increases in both median price and sales in February, while the inventory of homes available for purchase shrank by 21 percent in comparison to February of last year.
“We are headed into peak homebuying season with high demand but significantly fewer homes on the market compared to last year,” says Orlando Regional REALTOR® Association President Bruce Elliott, Regal R.E. Professionals LLC. “Lack of inventory creates opportunities for homeowners who are considering a sale of their property. This same market condition creates challenges for prospective homebuyers, who should turn to a REALTOR® for assistance in making the preparations and structuring the offers that help turn them into successful homebuyers.”