HOME IMPROVEMENT IS ON THE RISE!
In a article from the National Association of Realtors (NAR) they discussed just how much home owners are shelling out on home improvements and renovations. “…spending is expected to grow nearly 14% annually across all 48 major metro areas the report tracked. Owner expenditures are anticipated to increase between 7.6% and 23%, as well.”
Orlando Real Estate Market
Single-Family Existing Homes
- Sales of single-family homes increased to 588 during the week of Mar 13, from 571 the week prior
- The median price of single family homes increased to $400,000, a change of 0.3%
- Single-family inventory increased by 19, and now sits at 1,704
Condos, Townhomes, and Villas
- Sales of condos, townhomes, and villas decreased to 209 during the week of Mar 13, from 215 the week prior
- The median price of condos, townhomes, and villas decreased to $241,000, a change of -4.1%
- Condo inventory increased by 13, and now sits at 563
