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

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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