Spring Brings Continued Growth to the Orlando Housing Market!
This spring the Orlando housing market continues to demonstrate notable increases in home sales and prices.
There was a staggering 33% increase in sales this March versus March of 2020. According to the Orlando Regional Realtor Association there were 4,268 homes sold last month, compared to the 3,204 sales last March.
The overall median price has increased 12% over last year’s reporting. The median price of Orlando homes sold in October is $285,000, which have increased from $253,500 last March.
One category of the Orlando housing market in particular saw a major increase in sales. Townhome sales saw a 10% increase in median price, but offered a staggering 56% increase in sales in March.
A strong sign of growth within our increasingly popular area, where we are seeing 1,000 plus new residents every single week. When it comes to growth, Orlando is in a category all it’s own.
(graphic courtesy of Orlando Regional Realtor Association)
Additional March Stats:
- Overall inventory for single-family homes decreased 62% when compared to last year.
- Single family home sales increased an impressive 26% this March, along with a 19% median price increase.
- Pending sales this March are up 32% compared to March of last year.
Zenodro Homes is currently offering Modern Eco-Friendly Townhomes in our newest dream community, Hidden Forest. Call us today at 407-831-4600 and schedule a visit with our incredible team of Lifestyle Consultants.
About Zenodro Homes
With over 20 years of experience, the family-owned and operated Zenodro Homes is a fully integrated real estate development company. The company has positioned itself at the cutting edge of constructing environmentally friendly vacation townhomes designed to work with nature itself. It has built over 300 homes in South and Central Florida. Zenodro Homes’ expertise ranges from custom luxury residences and complete vacation home communities to residential condominium communities and single-family home communities. For more information, visit zenodro.com, call 407.831.4600, or email firstname.lastname@example.org
*All data supplied by the Orlando Regional REALTOR® Association.