As we all know, the housing market has been at its low in the last couple of years, but it is starting to change. The housing market in Orlando in the month of March saw a 20% increase in sales opposed to that of a year ago.
Part of the increase is due in part to the increased number of regular homes for sale. The increase is also due in part to the decreased amount of inventory of foreclosed homes. Foreclosed and short sale homes decrease the values of normal homes for sale, which can scare people and also make it hard for them to sell their home. This increase in normal home sales also drove up home values in the greater Orlando area. The overall completed sales of homes in March saw a 12% increase of sales from that of February.
Source: Orlando Realtors