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The Orlando Regional REALTOR Association dropped its newest State of the Market update.
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During the month of December 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 2,230 homes sold during the month, a tally that is 42% less than the 3,820 sales in the same month during 2021.
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The median price of an Orlando home sold in December 2022 was $353,200, which is a 4% increase compared to the same month last year.
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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 146%. Compared to last month, there are 12% less properties available. There are currently 6,351 homes listed for sale.
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Are you looking to buy or sell? We have sold over 1,200 homes as a team since 2007. We know how to navigate this market, writing winning offers for our buyers and getting above list and even appraised value for our sellers.
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Call us today at (407) 564-2758 or fill out our customer inquiry form below and someone from our team will be in touch.
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Jean Scott Homes | KW Advantage Realty | Homes for Sale in Oviedo, Winter Springs, Orlando, and all of Central Florida.