State of the Market – Orlando | January 2024

The Orlando Regional REALTOR Association dropped its newest State of the Market update.

During the month of December 2023, the Orlando housing market inventory experienced an increase compared to the same month last year. In addition, the median price increased while overall sales decreased. A total of 1,982 homes were sold during the month, a tally that is 11% less than the 2,230 sales in the same month during 2022.

The median price of an Orlando home sold in December 2023 was $367,250 which is a 4% increase compared to the same month last year.

The limited number of homes available for sale in Orlando is still a challenge for buyers compared to the same month in 2022. The number of homes on the market increased by 23% compared to the last month there are 4% less properties available there are currently 7,838 homes listed for sale.