Greater Orlando home values finally edge peak of July 2007 in Orlando Regional Realtor® Association’s July Market Report

Orlando Regional Realtor Association® reports Central Florida median home of $265,000 in June 2020, which slight edges the peak median home value of $264,436 reported in July 2007. Orlando’s real estate market took exactly 13 years to rebound to peak levels of the 2000’s boom. Home sales skyrocket by 46% in the wake of the Covid-19 lock down from May to June 2020. Inventory is down a massive 18.6% year-over-year with a brief 3.4 months’ supply available. Experts consider 6 months’ supply as a balanced market. Data is indicative a “Seller’s Market” with a very robust demand for housing and declining supply available for purchase. Use of technology, virtual tours & “online shopping” assist buyers on home searches while conducting business safely. Distressed property sales, which include short sale & REO homes, has nearly been completely depleted and comprising less than 3% of all sales. Central Florida home values are up 179% since the market bottom of January 2011. The full report is available here: ORRA Market Pulse Report July 2020

Author: JasonCraneRE

Real Estate Expert, Licensed Real Estate Broker, Jason Crane Real Estate LLC, in Orlando, Florida with 770+ 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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