Fortunately for Orlando, the housing market is bolstered by a healthy economy, prices that compare favorably to other major cities, and a quality of life that attracts an influx of new residents by the thousands each year. In addition, the Orlando market benefits from international home buyers who look to Orlando for investment and vacation properties.
In November, Florida’s housing market reflected the trends we’ve grown accustomed to seeing throughout this year. More owners decided to put their homes up for sale. Homes continued to sell quickly, resulting in increased pending sales – up 5.5 percent for single-family homes and up 9.3 percent for condo-townhouse units.
The projected growth for Central Florida doesn't surprise Jack McCabe, CEO of Deerfield Beach-based McCabe Research & Consulting LLC. "The four-county region has had one of strongest years of the decade with prices continuing to rise. Some markets like South Florida have a lack of inventory, whereas Orlando is in a geographic location where it can grow in four different markets," said McCabe, adding that he expected the City Beautiful to actually be in the top 10 of the 100.