Orlando Housing Market- October 2019

Dated: October 29 2019

Views: 622

Orlando’s housing market in September recorded year-over-year increases in both sales (7%) and median price (5%). The inventory of homes available for purchase, however, saw a second consecutive decline after nine months of positive postings.

Driving Factors for Home Buyers- Near Historic Low Interest Rates

The average interest rate paid by Orlando homebuyers in September was 3.68%, down from 3.72% the month prior.

Increasing Rent Prices is making it more ideal for many to Buy and Own their home.

Why It's a Good Time to Sell- Low Inventory and High Buyer Demand

Current inventory combined with the current pace of sales created a 2.6-month supply of homes in Orlando for September. ( Below 6 Months Supply=Seller's Market, About 6 Months Supply=Buyer's Market)

Blog author image

Rizza Gloriani

My mission is to be the Realtor that you can trust, bring every question to, and feel confident in the fact that I will be there every step of the way to see that your property goals are accomplished,....

Latest Blog Posts

Business As Usual-ish

First things first: I hope and pray that you and your loved ones are all doing well and in good health. With everything on the news about the Coronavirus, I’ve had a lot of people asking

Read More

Mortgage Rates Hits All Time Low- What it means for you?

During the past few months, we have been experiencing very favorable mortgage interest rates with rates hiting the lowest level in its nearly 50-year history just this past week. So What Does

Read More

Don't get stuck with a "Money Pit"

Fixer-Uppers can be a good way to get a good deal, either for your Primary residence and/or Investment...IF done right!If you're like me and many others, we enjoy watching transformation and

Read More

Orlando Housing Market- October 2019

Orlando’s housing market in September recorded year-over-year increases in both sales (7%) and median price (5%). The inventory of homes available for purchase, however, saw a second

Read More