The Orlando Regional REALTOR Association dropped its newest State of the Market update. It is good news!
During the month of March 2022, the Orlando Housing Marking inventory experienced a significant drop compared to the same month last year. However, the median price increased while sales decreased. A total of 4,100 homes sold during the month, a tally that is 4% less than the 4,068 sales in the same month during 2021.
The median price of an Orlando home sold in March 2022 was $361,000, which is a 27% 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 decreased by 14%. Compared to last month, there are 7% more properties available. There are currently 2,478 homes listed for sale.
Are you looking to buy or sell? We have sold almost 1,100 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.
Call us today at (407) 564-2758 or fill out our customer inquiry form below and someone from our team will be in touch.
State of the Market Video
Enjoy this short video and learn about the State of the Market in the Greater Orlando area for January 2022.
Published April 16, 2022 for March 2022 Sales
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