Orlando Regional Realtor® Assoc. sees “No slowdown going into holiday season” in its November 2020 Market Report

Orlando Regional Realtor Association® reports the Central Florida median home value at $269,950, up 11.6% year-over-year in its November 2020 Market Report (for data from October). ADOM is steady at 48 days. Total number of sales is a spiking upwards 25% year-over-year with inventory is down 37% during the same timeframe, thus creating an extremely limited 1.6 months’ supply available. If all the homes on the market were to sell, the timeline would take approx. 6 weeks. Avg. mortgage rate of 2.72% is an all-time low as the Federal Reserve is maintaining historically low interest rates to aid in the Covid-19 economic recovery process. Distressed sales, which include REO & short sales, are less than 2% of all sales. The full report is available here: ORRA Market Pulse Report November 2020

Orlando Regional Realtor® Assoc. reports “Homes flying off the market” for September 2020

Orlando Regional Realtor Association® reports Central Florida median home value up 10.2% year-over-year in its October 2020 Market Report (for data from Sept.) ADOM is down to only 48 days. Total number of sales is up a whopping 16.3% year-over-year with inventory is down 23.3% during the same timeframe, thus creating an extremely limited 2 months’ supply available. No evidence of a slow down in overall market activity. Avg. mortgage rate of 2.74% is an all-time low as the Federal Reserve is maintaining historically low interest rates to aid in the Covid-19 economic recovery process. The full report is available here: https://www.orlandorealtors.org/housingmarketnarrative?_cldee=amFzb25AamFzb25jcmFuZW9ubGluZS5jb20%3d&recipientid=contact-0778ce58553446e88f0fbfad30d2a416-cbcc6ff665ce401f800394a6e9fc7715&esid=f3148610-e80e-eb11-9c3d-00155d0079cb