In this installment of the Orlando market update we finally have some good news for home buyers (besides the low interest rates!) The summer months have reported a stabilization in the median home price across Orange County.
This is wonderful news for prospective home buyers and also for the affordability of Orlando, as noted by the Orlando affordability index for the month of July – with an almost 2% rise. As explained by ORRA President Lou Nimkoff, “Orlando homes purchased now still have room for normal appreciation, which makes a house a good investment.”
This however doesn’t mean there isn’t still big competition between buyer’s to purchase their dream home, with a decrease of 16% of available inventory compared to July 2017. With fewer homes to choose from it makes sense to have an experienced and reputable buyers agent working on your behalf.
If you have any questions or need any advice you can reach us via our contact page!