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To say last year was a strong year for the housing market would be an understatement, but will that trend continue in 2020?
If January was any indication, then the answer is yes. The median list price of homes in the Orlando area last month was $277,500, a 7.1 percent jump year-over-year.
With mortgage rates staying historically low, however, the supply simply isn’t keeping up with the demand, and finding that perfect house is not only challenging, but it’s also hyper-competitive, according to Reese Stewart, president of the Orlando Regional Realtors Association.
