By David Welch, #OrlandoRealEstate Optimist
(Remax 200 Realty)
Up 13%, up 16% and down 39%. If you read my blog regularly, you already know what these are, because we have been in this trend for quite some time. The first number represents the increase in home sales last month compared to a year ago. Sales were up 13% with 3,999 closed transactions compare with 3,539 in August of 2020. The second number represents the increase in the median sales price for Orlando real estate which was $320,000 last month. The third number represents the decline in inventory available for sale which stands at 3,638, a 39% decrease from a year ago, but a 3% increase compared with July.Check out this brief video breaking down the #OrlandoRealEstate market results for August 2021.