Orlando Florida Home Sales
Here’s your April housing update for the Greater Orlando area. In this edition of Orlando Florida Home Sales April 2024, we review a strong spring performance with rising sales, record-setting prices, and growing inventory.
April 2024 Sales Summary
A total of 2,759 homes sold in April 2024—just 1% less than April 2023’s 2,766 sales. Month-over-month, sales increased by 7.8%, up from 2,559 in March. This marks the third consecutive month of rising home sales across the metro area.
Median Home Price
The median sales price reached $388,500 in April 2024, up from $386,500 in March. This sets a new record high for the Orlando housing market and represents a 5% increase compared to April 2023.
Inventory of Homes for Sale
Inventory continued to climb, with 9,376 homes listed for sale—up 5% from March and a significant 82% jump from April 2023. This marks the fourth straight month of inventory growth, giving buyers more options even as competition remains steady.
Market Insights
Despite a growing supply, homes are still selling quickly—pointing to strong demand and market stability. With just over three months of inventory available, the market remains tilted toward sellers. Expect continued momentum heading into the summer moving season.
Mortgage Rates
The average 30-year mortgage rate in April was 6.9%, slightly higher than March’s 6.7%. April marked the third straight month of rising rates, but demand remained resilient.
ORRA’s Complete Market Report
For a full breakdown of the latest stats, visit ORRA’s State of the Market Report, with data for the past 13 months and archives going back five years.