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.
More info on The real estate market is booming in Orlando, Florida
-
U.S. Inventory Grew at Record Pace in July
The number of active listings was up 30.7% in July, the fastest pace on record and the third consecutive month of inventory recovery, the data showed. “The U.S. housing market continues to move toward ...
-
Short-Term Rentals Boomed – That’s Good and Bad
And with them came an increased need for short-term housing, or vacation rentals. “It appears mostly in the Sunbelt states, particularly in Florida, in South Carolina, where we have beachfronts and ...
-
The short-term rental market took off during the pandemic’s real estate boom, but at what cost?
Needing places to either work from temporarily or vacation as they escaped pandemic restrictions, COVID fleers made South Florida one of their top destinations. And with them came an increased need ...
-
US employers added 528,000 jobs; unemployment falls to 3.5%
America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession ...
-
Florida’s airport workers are hit hard by soaring costs. ‘Many of us are working multiple jobs.’
The wages of workers who are employed at Florida's airports are falling far short of being able to comfortably pay for housing and other key living expenses, according to a survey by the Service ...
-
U.S. Home Sale Profit Margins Hit Another Record High in 2022
Based on ATTOM's newly released second-quarter 2022 U.S. Home Sales Report, profit margins on median-priced single-family home and condo sales across the United States hit another new record of 55.5 ...
-
I grew up in Orlando, Florida. Here's 7 things tourists should know before vacationing in the Sunshine State.
Florida's amusement parks are always fun, but according to Insider's reporter, locals advise going off the grid to get more bang for your buck.
-
PROFITS FOR HOME SELLERS SURGE AGAIN ACROSS U.S. AMID NEW ROUND OF PRICE SPIKES IN SECOND QUARTER OF 2022
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced ...
-
Why retail real estate deals are becoming harder to complete in Orlando
It’s something others in the retail real estate ... in the Orlando market that are in better shape to withstand any challenges. "Pretty much any Tier 1 area — and most of Florida — will ...
-
Sky-high Orlando rent hikes top the U.S., with relief years away
Orlando rents are growing at the fastest pace nationwide. One expert says it could be nearly two years before there is relief.
-
How this Titusville real estate firm will capitalize on the private aerospace boom
As the commercial specialists for Rocket City Commercial, a real estate firm ... according to Florida’s Space Coast Office of Tourism. The economic energy is rooted in booming private investment ...
-
Homebuyers retake the upper hand
Why it matters: This is a sign of how fast the housing market adjusted to the surge in mortgage rates that started in March — and it signals the beginning of a return to sanity from the boom ... from ...
