Orlando home prices soar by $10,000 in April as inventory fa

Orlando home prices soar by $10,000 in April as inventory falls to record low
Orlando Sentinel
2 days ago
Trevor Fraser, Orlando Sentinel
© Jay L. Clendenin / Los Angeles T
Experts say Orlando has only three-weeks worth of housing inventory to sell.
Homes for sale in metro Orlando plummeted to the lowest level on record last month, as median home values jumped another $10,000 in April, a report from the Orlando Regional Realtor Association revealed Monday.
An already depleted inventory fell by 7.8% in April to just 2,655 homes, the lowest since ORRA began keeping track in 1995. The organization estimates it would take only three weeks to sell every home on the market. Six months of inventory is considered a balanced market.

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