Orlando home prices pushed up 5 percent in March from February.
The median home price for the core Orlando market was $195,000 in March. During the last year, prices jumped 10 percent and wages grew about 1 percent, according to a new report by Orlando Regional Realtor Association.
For Orlando buyers in March, the bad news was that prices hiked and for-sale signs disappeared.
Since last summer, buyers have chipped away at Central Florida’s inventory of homes on the market.
Since the beginning of the year, the supply has dwindled from 5 months to just 3.5 months – almost half of the 6-month supply that marks a balanced market.
Houses lasted 70 days on the market before landing a contract, down from 80 days a year ago.
Final sales prices were just 97.1 percent of the asking price.
With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.
For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com
Orlando Florida, USA