State of the Market – Orlando | December 2023

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

During the month of November 2023, the Orlando housing market inventory experienced an increase compared to the same month last year. In addition, the median price increased while overall sales remained the same.

A total of 1,996 homes sold during the month, a tally that is 0% less than the 1,996 sales in the same month during 2022. The median price of an Orlando home sold in November 2023 was $375,000 which is a 4% 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 14% compared to the last month there are 5% more properties available there are currently 8,22 homes listed for sale.