Published March 16, 2022, for February 2022 Sales
The Orlando Regional REALTOR Association dropped its newest State of the Market update. It is good news!
During the month of February 2022, the Orlando Housing Marking inventory experienced a significant drop compared to the same month last year. However, the median price and sales increased. A total of 3,198 homes sold during the month, a tally that is 7% more than the 2,995 sales in the same month during 2021.
The median price of an Orlando home sold in February 2022 was $345,000, which is a 23% 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 2021, the number of homes on the market decreased by 32%. Compared to last month, there are 3% fewer properties available. There are currently 2,313 homes listed for sale.
