Orlando Regional Realtor® Association reports 6.3% increase in home values with inventory down 15.6%, during its November 2017 Market Pulse Report

The Orlando Regional Realtor® Association has released its November 2017 Market Pulse Report. Here are the highlights: From Oct. 2016 to Oct. 2017, the median home value for Central Florida is up 6.3% with inventory down 15.6%, during the same time frame. The combined median home value for all homes sold is $218,000. Average days-on-market for Oct. 2017 was only 56 days. There is a 2.9 months supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. Hurricane Irma & its aftermath resulted in declines in closed sales, however sales bounced back in October. The full report is available for you here > October Market Pulse Report 2017