State of the Market – Orlando | June 2023

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

During the month of June 2023, the Orlando housing  market inventory hardly experienced a change compared to the same month last year. In addition, the median price and sales decreased. A total of 3,124 homes sold during the month, a tally that is 18% less than the 3,793 sales in the same month during 2022.

The median price of an Orlando home sold in June 2023 was $385,000 which is a 1% decrease compared to the same month last year.

A 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 0% compared to the last month. There are 6% more properties available. There are currently 5,450 homes listed for sale.