FL: Orlando Real Estate Inventory at Five Year Low

Orlando Real EstateThe Orlando Regional Realtor Association (ORRA) reported this week a third consecutive jump in Orlando’s median price plus yet another drop in inventory and a month-to-month increase in sales are strong signs of continuing improvement in Orlando’s housing market.

“These factors also indicate a shift toward favoring sellers, and the downward slide in inventory means a downward slide in the number of choices available to buyers,” explains ORRA Chairman of the Board Stephen Baker.

The overall median price of Orlando homes has increased 12.75 percent over March 2011’s median price of $102,000, to $115,000. In addition, the March 2012 overall median price is 3.60 percent higher than that recorded in February 2012 ($111,000).

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