The Orlando Regional REALTOR Association dropped its newest State of the Market update.
During the month of April 2023, the Orlando housing market inventory experienced a significant increase compared to the same month last year. In addition, the median price equaled the same while sales decreased. A total of 2,766 homes sold during the month, a tally that is 27% less than the 3,800 sales in the same month during 2022.
The median price of an Orlando home sold in April 2023 was $375,000 which is a 0% 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 93% compared to the last month, there are 2% more properties available. There are currently 5,148 homes listed for sale.
Are you looking to buy or sell? We have sold over 1,200 homes as a team since 2007. We know how to navigate this market, writing winning offers for our buyers and getting above list and even appraised value for our sellers.
