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HOT HOUSING MARKET: Low inventory, high prices creating perfect storm for sellers

HOT HOUSING MARKET: Low inventory, high prices creating perfect storm for sellers Home prices surge in Central Florida Home prices are surging across Central Florida and the inventory is low. Real estate agents say this housing market is nowhere near slowing down. BREVARD COUNTY, Fla. - Gloria Chlebanowski got two offers on her Palm Bay home in less than 24 hours, one of them about $5,000 more than the asking price.  At 3:30 on a Monday afternoon, she called to let me know the listing had gone up and 10 minutes to five she called to let me know we had our first showing the next day. That was really, very quick, Chlebanowski said.

Home in Florida s Osceola County hits market with one of region s biggest price tags

Home in Florida s Osceola County hits market with one of region s biggest price tags
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Orlando home prices soar by $10,000 in April as inventory falls to record low

Orlando home prices soar by $10,000 in April as inventory falls to record low Orlando Sentinel 2 days ago Trevor Fraser, Orlando Sentinel © Jay L. Clendenin / Los Angeles T Experts say Orlando has only three-weeks worth of housing inventory to sell. Homes for sale in metro Orlando plummeted to the lowest level on record last month, as median home values jumped another $10,000 in April, a report from the Orlando Regional Realtor Association revealed Monday. An already depleted inventory fell by 7.8% in April to just 2,655 homes, the lowest since ORRA began keeping track in 1995. The organization estimates it would take only three weeks to sell every home on the market. Six months of inventory is considered a balanced market.

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