FEBRUARY 2017 HOUSING REPORT
Market Statistics from OrlandoRealtors.org

In February, the Orlando housing market experienced a jump and the median price rose while the amount of homes available for purchase shrank by twenty-one percent.

Compared to the same time last year the median price for a home in Orlando in February was $205,000 which is up 11% compared to last February's.

A total of 2,423 homes sold during the month an increase of less than half a percent compared to February 2016. 

Limited inventory of homes available for sale continues to challenge the would-be buyers who have fewer choices to pick from only 8,457 homes that are currently available for sale which equates to a three and a half months supply of homes in Orlando for February 2017. 

In February 2016, we had a 4.4- months supply.

Orlando homes buyers are taking advantage of the lower interest rates and affordable prices.

Quality homes are selling fast in Orlando now more than ever.
 
Mike Rance
Mike Rance
Realtor
954 S Orlando Ave Winter Park FL 32789