AUGUST 2015 HOUSING REPORT
In August, Orlando's housing market remained hot as closings of existing homes increased by more than 21%.
Compared to the same time last year a total of 3,094 homes sold in Orlando during the month.
During the month, strong demand has lead to increased prices as well.
The overall median price of a home in Orlando rose 11% to $182,000.
Since last August, would-be home buyers are having a tougher time finding a home with today's limited inventory.
The overall number of available homes currently for sale has dropped by 11% since last year with only 11,661 available for sale in the Orlando area.