State of the Market – Orlando | February 2023

The Orlando Regional REALTOR Association dropped its newest State of the Market update.

During the month of February 2023, the Orlando housing market inventory experienced a significant increase compared to the same month last year. In addition, the median price increased while sales decreased. A total of 2,240 homes sold during the month, a tally that is 30% less than the 3,198 sales in the same month during 2022.

The median price of an Orlando home sold in February 2023 was $358,000, which is a 4% increase compared to the same month last year.

The limited number of homes available for sale in Orlando is still a challenge for buyers, compared to the same month in 2022. The number of homes on the market increased by 140%. Compared to the last month, there are 9% less properties available. There are currently 5,555 homes listed for sale.

Are you looking to buy or sell? We have sold over 1,200 homes as a team since 2007. We know how to navigate this market, writing winning offers for our buyers and getting above list and even appraised value for our sellers.

Call us today at  (407) 564 2758 or fill out our customer inquiry form below and someone from our team will be in touch.