Is the housing shortage coming to an end?
Yes! And no. Yes we are seeing more homes coming to market than were available in January, but they are also selling faster than they were in January. The average days on market at the beginning of 2022 was 19. We are now seeing those days drop to an astounding 17. That means between financing, inspection, and appraisal the average home is closing in 17 days! Still fantastic news for Seller’s, and for Buyer’s it simply means that staying active, and being present and prepared are the key ingredients to finding that next home.
Click to read the article from https://www.keepingcurrentmatters.com/2022/05/11/are-there-more-homes-coming-to-the-market/
Orlando Real Estate Market
Single-Family Existing Homes
- Sales of single-family homes decreased to 580 during the week of May 01, from 677 the week prior
- The median price of single family homes increased to $430,000, a change of 0.7%
- Single-family inventory increased by 177, and now sits at 2,203
Condos, Townhomes, and Villas
- Sales of condos, townhomes, and villas decreased to 224 during the week of May 01, from 262 the week prior
- The median price of condos, townhomes, and villas decreased to $260,500, a change of -6.3%
- Condo inventory increased by 24, and now sits at 704
