Published November 16, 2022, for October 2022 Sales
The Orlando Regional REALTOR Association dropped its newest State of the Market update.
During the month of October 2022, the Orlando housing market inventory experienced a significant increase compared to the same month last year in addition the median price increased while sales decreased a total of 2,716 homes were sold during the month a tally of 28 percent less than the 3,760 sales in the same month during 2021.
The median price of an Orlando home sold in October 2022 was 365,000 dollars which is a 12 percent 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 increased by 109% compared to the last month there are four percent more properties available there are currently 7,128 homes listed for sale.
