Orlando Real Estate Market Report 11/10/2021
To start your Orlando real estate market report, let’s look at Zillow. Zillow faces another big loss, in the amount of $550 million, after admitting they severely overestimated home prices in their attempt of buy and flip homes. Now they will cut roughly 25% of staff and continue to file losses in Q4.
Orlando Real Estate Market
- Sales of single-family homes decreased to 599 during the week of Oct 31, from 689 the week prior
- The median price of single family homes decreased to $359,000, a change of -1.1%
- Single-family inventory decreased by 36, and now sits at 2,609
