Metro Orlando gets record bump in home inventory

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

More homes hit the market in metro Orlando last month than ever before.

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The metro saw a record 1,200 new homes come up for sale in May, according to Orlando Regional Realtor Association data released June 15.

While that’s a sign Central Florida’s hyper-competitive market may be softening, prices continue to climb and buyers remain at a disadvantage.

That’s because even with a 44% bump in home inventory from April to May, the Orlando region still features just under a month’s supply of homes. The metro is far from the six months of supply that indicates a balanced housing market.

Click here to read the full story on the Orlando Business Journal’s website.

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