State of the Market – Orlando | October 2023

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

During the month of October 2023, the Orlando housing market inventory experienced an increase compared to the same month last year. In addition, the median price increased while sales decreased. A total of 2,429 homes were sold during the month, a tally that is 11% less than the 2,716 sales in the same month during 2022.

The median price of an Orlando home sold in October 2023 was $377,000 which is a 3% 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 10% compared to the last month. There are 16% more properties available. There are currently 7,813 homes listed for sale.