JUNE HOUSING REPORT

 
Orlando's meager inventory continues to stifle sales, drive prices up

The inventory of homes available for purchase in the Orlando area displayed its greatest percentage of decrease yet in 2018, contributing to a second consecutive month of slower sales. However, buyer demand is continuing to boost the area's median price. 

MAY BY THE NUMBERS

                 
Median Price  $239,180
+7%
               


 

   
Sales 3,451
-11%
   
Pending Sales 5,206
-12%
                     
New Listings 4,128
-11%
                 
                     
New Contracts 3,188
-7%
                 
                     
Inventory 7,558
-17%
                 
                     
Interest Rate 4.61%                  
Compared to June 2017
Based on 30-year fixed rate mortgage