Orlando Florida Home Sales
Welcome to our year-end market update for the Greater Orlando area. In this edition of Orlando Florida Home Sales December 2023, we explore key data points and trends that wrapped up the real estate year across the metro area.
December 2023 Sales Summary
A total of 1,982 homes were sold in December 2023—an 11% decrease compared to 2,230 sales in December 2022. This seasonal decline is typical as the market cools down for the holidays, though economic factors may have also played a role in the slowdown.
Median Home Price
The median home price in December 2023 was $367,250, reflecting a 4% increase over the same month last year. Rising prices despite a drop in overall sales suggest continued buyer demand and upward pressure on home values.
Inventory and Market Conditions
Housing inventory grew significantly, up 23% compared to November. However, inventory remained 4% lower than December 2022, with a total of 7,838 homes on the market. Limited supply continues to be a challenge for buyers, though conditions are improving slightly month over month.
ORRA’s Complete Market Report
For a deeper dive into trends and stats, visit ORRA’s State of the Market Report, which features data for the past 13 months and archived reports going back five years.