ORRA has just released the May 2017 market report and the numbers are very promising for home owners! With the median home price jumping to a 7.4% increase compared to May of 2016.
According to ORRA President Bruce Elliot of Regal R.E LLC it is a great time to sell your home, “Orlando homes are selling at the quickest clip since the red-hot market of 2005. Not only is the area’s 2.30 months of supply statistic at its lowest point since September 2005, nearly 30 percent of those homes sold in May came under contract after less than eight days on the market.”
With steady declines in the interest rates and a 16.8% reduction in available home inventory from May last year, the housing market is particularly favorable for sellers!
If you would like to capitalize on the current market conditions and sell your home for top dollar – contact us today for a free home price evaluation!