The lack of houses for sale in the Orlando market are said to have driven up property prices by 2.6 percent during February, according to a new report by Orlando Regional Realtor Association cited in the Orlando Sentinel.
The midpoint sale price in February for an area that includes mostly Orange and Seminole counties was up about 11 percent compared to 2016.
‘We are headed into peak home-buying season with high demand but significantly fewer homes on the market compared to last year,’ commented Orlando association President Bruce Elliott.
Central Florida’s job and population growth has been depleting the available listings, even as the appetite for rentals and holiday homes has grown in recent years.
