Orlando real estate market still humming

Orlando's real estate market saw another month of increased sales and higher prices in September.  That's according to the latest housing report from the Orlando Regional Realtor Association.

Year-over-year, Orlando saw increases in both sales and median price.

Orlando realtors participated in 2,972 sales during the month of September, a 7.1% increase year-over-year compared to sales in September of 2018.

The overall median sale price for September was $245,000, which is 5.2% above the median price recorded one year ago.

ORRA president Jeff Fagan spoke to News 96.5 WDBO about the report and says the numbers point toward a strong real estate market.

“The market, again, is healthy.  We always could use more inventory.  We did drop in inventory for a second consecutive month.  However, it’s an indication that sales remain strong, fueled mostly by the continued decrease in interest rates that we’ve seen all year,” said Fagan.

September’s sales and median home price were both lower than numbers recorded in August of this year.

Read the full report by clicking HERE.