Metro Orlando gets record increase in home inventory – WFTV

Video: Frenzy over, but still no bargains: What a slowing housing market means for Central Florida The frenzy drove home values ​​higher and higher. (WFTV)

ORLANDO, Florida— Editor’s Note: This story is available through a content partnership between WFTV and the Orlando Business Journal.

More homes came on the market in the Orlando metro area last month than ever before.

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

While this is a sign that Central Florida’s hypercompetitive market may be easing, prices continue to climb and buyers remain at a disadvantage.

Indeed, even with a 44% increase in home inventory from April to May, the Orlando area still has just under a month’s supply of homes. The metro is far from the six-month supply that indicates a balanced real estate market.

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