Orlando Florida Home Sales

June 2023 brought a steady pace and subtle shifts to the Greater Orlando housing market. In this edition of Orlando Florida Home Sales June 2023, we take a look at cooling sales, stable inventory, and slight price adjustments as summer hit full swing.

June 2023 Sales Snapshot

There were 3,124 homes sold across the metro area in June, down 18% from the 3,793 sold in June 2022. That dip suggests some buyers may be pausing due to higher mortgage rates, economic uncertainty, or simple seasonal timing.

Median Home Price

The median home price settled at $385,000—a 1% decrease compared to June of last year. While not a dramatic shift, it reflects a market that’s gradually adjusting after several years of rapid appreciation.

Inventory of Homes for Sale

Inventory held steady month-over-month, with 5,450 homes on the market in June. That’s 6% more than the year before, giving buyers a bit more breathing room while still staying well below “balanced market” territory.

Mid-Year Market Notes

With prices easing slightly and inventory inching upward, June offered a snapshot of a market easing into a more sustainable rhythm. Buyers may find more room to negotiate, and sellers who price appropriately are still finding solid offers.

ORRA’s Complete Market Report

Check out ORRA’s full State of the Market Report for deeper insights, including monthly trends and archived stats going back five years.