Orlando Florida Home Sales

May 2023 brought a mixed bag to the Greater Orlando housing scene. In this edition of Orlando Florida Home Sales May 2023, we dive into softened sales, stable pricing, and a noteworthy increase in available homes for buyers.

May 2023 Sales Recap

A total of 3,150 homes sold across the Orlando area in May—down 20% from the 3,946 homes sold during the same month in 2022. The drop reflects a market adjusting to shifting buyer behavior and tighter affordability conditions.

Median Home Price

The median sales price came in at $378,000, just 1% below May 2022. That near-flatline suggests that while demand has eased, home values are holding relatively steady across the metro area.

Inventory of Homes for Sale

There were 5,149 homes on the market in May—unchanged from April, but a significant 34% increase year-over-year. The boost in inventory is welcome news for buyers who’ve been facing tight competition over the past two years.

Market Perspective

With prices leveling and more listings coming online, May felt like a breather for both sides of the table. Buyers gained a bit more choice, and sellers still benefited from solid pricing—especially if their homes were market-ready and well-positioned.

ORRA’s Complete Market Report

For additional trends and a deep dive into historical data, visit ORRA’s full State of the Market Report, with updates spanning the last 13 months and beyond.