Data from Orlando Regional Realtor® Association’s March Market Report indicates extremely strong real estate market ahead of Covid-19 outbreak

Orlando Regional Realtor Association® reports Central Florida median home value up 6.4% year-over-year in its March 2020 Market Report. Median value now at $250,000 with ADOM holding at only 58 days. Inventory is down a whopping 16.7% year-over-year with a current pace of only 2.7 months supply! Experts consider 6 months supply as a balanced market. Year-over-year sales increased by 4.4% & up 11% from last month (January 2020). Pending sales up by 10.9% year-over-year. Distressed properties are only comprising less than 4.4% of all sales. Data is indicative a “Seller’s Market” with an extremely robust demand for housing with dwindling supply available for purchase. Sales numbers are strong & home values continuing to increase on a monthly basis. The full report is available here: March 2020 Market Pulse Report for data from February 2020.

Author: JasonCraneRE

Real Estate Expert, Licensed Real Estate Broker, Jason Crane Real Estate LLC, in Orlando, Florida with 775+ successful real estate closings and total sales volume in excess of $82 million. Jason specializes in Residential real estate, Bank-owned Foreclosures & Short Sales. Also, Jason is an active real estate investor and landlord with a portfolio of residential real estate properties across Central Florida. Please visit http://www.JasonCraneOnline.com for more information!

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