Supply of homes just 2.48 months’ worth, lowest since May 2013
- Overall inventory is down by 19% compared to March 2016
- Low supply pushes us further into a seller’s market
Low inventory for “starter homes” under $300k
- Creating multiple offer situations where buyers are finding it hard to write an offer that will be accepted
Increase in overall median home price to $217k (11.3% above March 2016 median of $195k)
Sales in March 2017 increased by 12.4% compared to March 2016
- Increase of 38.5% compared to February 2017
Source: Orlando Regional Realtor Association, Orlando Housing Market Report March 2017
