The real estate market is booming in Orlando as demand far exceeds supply. Local housing inventory has fallen to its lowest levels this year as prices ticked up, according to an Orlando Regional Realtor Association report. In total, about 6,200 homes were available for purchase in Central Florida in July, down 22.5% from roughly 8,000 homes in July 2019. Orlando’s overall median price for all home types sold in July was 0,000, which was a 9.2% increase year over year. That price was also a 1.9% improvement compared to June’s median price of 5,000. Those figures include Lake, Orange, Osceola and Seminole counties. In addition, the number of home sales are up. In total, 3,679 homes were sold in July, up 1.4% year over year and up 18.6% from June 2020.
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