What is happening with the Orlando's Real Estate Market - May 2016 vs. May 2015

Orlando home sales rised 7 percent. During the month of May 2016, the median price of Orlando's homes sold increased more than 12 percent compared to May 2015. In addition, sales showed a year-over-year increase of nearly 7 percent despite a continuing slide in inventory.

There is a small trend of increasing sales due to the fact that buyers are responding to the current historically low interest rates and a steady rise in homes' value.
Orlando real estate market May 206