The Orlando Regional Realtor® Association has released its August 2017 Market Pulse Report. Here are the highlights: From July 2016 to July 2017, the median home value for Central Florida is up 7% with inventory down 15%, during the same time frame. The combined median home value for all homes sold is $220,000. Average days-on-market for July 2016 was only 52. There is a 2.7 months supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. There were 3,347 total sales in July 2017, which is actually a decrease of 13% from June – indicative of the major housing shortage. Condo values have been rising significantly, up 21% year-over-year. The full report is available for you here > August 2017 Market Pulse
REO Sneak Peek Coming Soon:
4412 Drexel Ave, Orlando 32808
6336 Buford St Unit 204, Orlando 32835
7346 Cherry Laurel Dr, Orlando 32835
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Jason Crane has been named by the Orlando Regional Realtor® Association’s Class of 2017 “20 Under 40” Rising Star Awards recognizing the next generation of real estate professionals. Areas of merit include Community, Career and Professionalism. Congratulations to all of the recipients! A celebration for all of the award winners is scheduled for the end of the month in College Park.