Orlando Florida Home Sales
The new year kicked off with big shifts in the Greater Orlando housing market. In this edition of Orlando Florida Home Sales January 2023, we highlight a sharp drop in sales, strong price growth, and a major year-over-year jump in inventory.
January 2023 Sales Overview
Just 1,674 homes sold across the Orlando area in January—down 45% from the 3,033 homes sold in January 2022. That’s a steep decline, showing how the market continues to adjust to shifting affordability, interest rates, and buyer sentiment.
Median Home Price
The median sales price rose to $350,000, a 5% increase compared to January of last year. Prices remain firm even as buyer activity softens, suggesting demand is still present, especially in sought-after neighborhoods.
Inventory of Homes for Sale
There were 6,115 homes listed for sale in January—an impressive 157% increase from January 2022. However, inventory was down slightly (4%) compared to December 2022, hinting at a tightening trend heading into spring.
Market Perspective
Buyers have more options than they did a year ago, but well-priced homes continue to attract strong interest. Sellers should aim for clean presentation and accurate pricing to stay competitive in this evolving market.
ORRA’s Complete Market Report
For detailed monthly stats and year-over-year trends, check out ORRA’s full State of the Market Report and you can read the January 2022 summary.