Orlando Florida Home Sales

April brought a big shift in inventory across the Greater Orlando real estate market. In this edition of Orlando Florida Home Sales April 2023, we explore increased listings, stable prices, and a noticeable drop in overall sales activity.

April 2023 Sales Summary

A total of 2,766 homes were sold in April 2023—a 27% drop from the 3,800 homes sold during April 2022. That steep decline shows the market recalibrating after a red-hot couple of years.

Median Home Price

The median price held steady at $375,000, unchanged year-over-year. While sales volume fell, prices remained resilient thanks to continued demand and tight supply in many popular neighborhoods.

Inventory of Homes for Sale

Orlando saw a major jump in inventory this month, with 5,148 homes on the market. That’s a 93% increase compared to April of last year, and 2% more than the previous month. For buyers, that means more options—and potentially less competition.

Market Outlook

April’s numbers reflect a transitional phase in the market. Listings are up, pricing is holding firm, and buyers have a bit more breathing room. Sellers still need to be sharp with pricing and presentation to stand out.

ORRA’s Complete Market Report

For deeper insights and month-by-month breakdowns, explore ORRA’s full State of the Market Report, with data covering the last 13 months and archived trends.