State of the Market Orlando – March 2024

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

During the month of February 2024, the Orlando housing market inventory experienced an increase compared to the same month last year in addition the the median price increased while overall sales decreased a total of 2,174 homes sold during the month a tally that is 3% less than the 2,240 sales in the same month during 2023.

The median price of an Orlando home sold in February 2024 was $377,000 which is a 5% 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 2023 the number of homes on the market increased by 55% compared to the last month there is 5% more properties available there are currently 8,589 homes listed for sale.