The Orlando Regional Realtor® Association reports home values leveling off in its February 2019 Market Pulse Report. Home prices increase 0.8% year-over-year from Jan 2018 to Jan 2019 with inventory up 8% during same time frame. Inventory has increased for 3 consecutive months.
Median home value of $226,500 for January 2019 versus $225,000 for January 2018. Median home value has increased for 91 consecutive months dating back to July 2011. Prices appear to be reaching a plateau after almost a decade of increases & provide evidence that we’re heading into the next market cycle and/or reaching a peak in the market.
Distressed sales (REO and short sale) only represent <5% of all sales.
The full report is available for you here: ORRA Market Pulse Report published February 2019