Housing market sees big drop-off in January

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

Realtor KeAusha Jordan is witnessing a busy seller’s market in metro Orlando, but it gets even more intense for buyers looking in the sub-$300,000 range.

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“It’s like the wild, wild west,” Jordan, team leader of the Jordan + Lanza Team at Orlando-based Mainframe Real Estate LLC, told Orlando Business Journal. “We have buyers who are getting antsy and frustrated.”

The number of metro Orlando homes sold, as well as the median price, dropped from December to January, according to data released by the Orlando Regional Realtor Association on Feb. 15.

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It’s a rare dip for the region’s on-fire housing market, which real estate professionals attribute to a seasonal slowdown and house hunters pulling back from the market amid historic price run-ups and bidding wars.

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

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