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Orlando Regional Realtor Association Market Pulse - April

Snapshot: Closed sales and new contracts continue to outpace the figures from the previous year while total inventory continues to shrink. Total inventory in April of 2021 equalled 2655 compared to 7659 units in 2020 yet closed sales rose 42% from year to year.  Total inventory for April was at less than 1 month - meaning all inventory in MLS would be sold within a month if no new homes came to market.  Historically, a stable market carries 6 months of inventory.  Mortgage rates dropped to just under 3% in April which helped to fuel new contracts at 3863: also up from 2020.  The long and short of it is that low inventory is driving up values and sales are booming.  Want to know more:   

View the full report below

New contract April 2021 graph

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