JUNE 2016 HOUSING REPORT
In June, Orlando's housing market saw home prices rise once again but tight inventory lead to a slight drop in home sales.
Compared to June 2015, the median price of our land and homes sold during the month of June jumped to $207,000, that's an increase of 15%.
Compared to last June it's also the highest median price.
Since July 2008 as prices rose Orlando's home sales fell by less than 3%.
Compared to last year with 3,513 homes closing during the month.
Competition for homes has greatly increased because of the low inventory of homes available for sale.
Since last year the number of homes on the market has dropped by more than 11% with only 10,629 homes currently available.