By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Inventory remains low with 39% fewer homes of all types available for sale compared with a year ago. We did see a very small, 1% increase in inventory from August to September however. Even with the lower inventory, total sales continued to climb by 9% compared to September of 2020. Based on the total number of sales of 3,789, we have roughly 29 days of inventory on hand. Low inventory and strong demand along with very favorable interest rates pushed the median sales price to $318,000, which is up 18% compared to last year. Be sure to check out this brief video breaking down the #OrlandoRealEstate market for September 2021.