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

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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