State of the Market – Orlando | August 2023

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

During the month of August 2023, the Orlando housing market inventory experienced a decrease compared to the same month last year. In addition, the median price and sales decreased. A total of 2,792 homes sold during the month, a tally that is 16% less than the 3,324 sales in the same month during 2022.

The median price of an Orlando home sold in August 2023 was $375,000 which is a 1% decrease 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 decreased by 10% compared to the last month. There are 7% more properties available. There are currently 6,115 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.