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Orlando condo, townhome markets on the rise

Orlando condo, townhome markets on the rise

by DeVore Design, September 18, 2017

Orlando condo, townhome markets on the rise

Highrise condo building

Orlando’s condos and townhomes (including villas and duplexes) are on a tear!

The general upward trends in sales and median prices of these home types can be attributed bot the the lack of single-family inventory (especially under $300,000) and to the appeal that condo locations (downtown in particular) hold for millennials.

Naturally, there’s been a corresponding drop in the inventory of condos and townhomes. Year to date, there’s a whopping 26 percent decrease in condo inventory!

Year-to-Date Comparisons (through July 2017)
Condos
Sales – up 12%
Median Price – up 15%
Inventory – down 26%
Townhomes
Sales – up 10%
Median Price – up 9%
Inventory – down 13%

Dig Deeper
-Orlando Sales By Home Type and Price Range
-Orlando Inventory By Home Type and Price Range