A Welcome Surprise for Orlando Home Sales this Fall.
Rather than falling into the typical slowdown as we near the holidays, the Orlando housing market has actually demonstrated increases in home sales and prices this past month that are expected to continue into November. Specifically, there was over 30% increase in sales this October versus last October. According to the Orlando Regional Realtor Association there were 3,634 homes sold last month, compared to the 2,899 sales in October 2019.
The overall median price has increased 12.5% over last year’s reporting. The median price of Orlando homes sold in October is $269,950, which increased from $240,000 last October.
A strong sign for the growth of our increasingly popular area, especially during the time of year when sales are expected to slow down. One category of the Orlando housing market in particular saw a major increase in sales. Single-family homes saw a 10% increase in median price, but offered a staggering 28.9% increase in sales in October.
(graphic courtesy of Orlando Regional Realtor Association)
Additional October Stats:
- Overall inventory for single-family homes decreased 37% when compared to last year’s period.
- The average interest rate for October is 2.72%, while mortgage rates continue to decline.
- As the year closes, pending sales in October are up 16% compared to October of last year.
Zenodro Homes is currently offering Modern Eco-Friendly Townhomes in our newest community, Hidden Forest. Call us today at 407-831-4600 and schedule a visit with our 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.