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Charting Metro Orlando's residential supply and demand for March

John Burns Real Estate Consulting offers a quick look at the March numbers for supply and demand in the Greater Orlando Metro area’s housing market.

For the most part news on the demand side was good, with home sales and employment growth both up monthly and year-over-year.

On the supply side of housing, single-family permit volume was up slightly for the month, but down 2 percent for the year. Multi-family permit volume, however, was up significantly for the month and the year. Listings of resale homes were virtually flat for the month and up slightly for the year. The supply of resale homes was steady for the month and year at 4.4 months supply.


CurrentLast Month Month-Over-Month ChangeYear-Over-Year Change
Current Demand
Annualized Existing Home Sales41,724.041,350.00.00.0
Employment Growth46,200.040,000.0 n/a0.0
Unemployment Rate0.10.1-0.3-1.0
     
Current Supply    
Single-Family Permit Volume9,805.09,780.00.00.0
Multi-Family Permit Volume6,817.06,130.011.225.4
Total Permit Volume16,622.015,910.00.00.1
Listings Resale15,147.015,148.00.00.0
Months of Resale Supply Estimated4.44.40.00.0

Credit: John Burns Real Estate Consulting

Teresa Burney

Teresa Burney

Teresa Burney covered growth and development for GrowthSpotter.com in Lake County, as well as communities in West Orange County, from May 2015 through March 2018. A Florida native, Teresa has been a journalist for 30-plus years, writing about everything from alligator hunting to real estate to the businesses of building homes and developing land. Most recently she spent seven years chronicling the rise, fall, and nascent recovery of the home building industry as a senior editor for BUILDER and BIG BUILDER magazines.


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