The Orlando Regional REALTOR Association dropped its newest State of the Market update.
During the month of November 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 1,996 homes were sold during the month, a tally that is 46% less than the 3,664 sales in the same month during 2021.
The median price of an Orlando home sold in November 2022 was $360,000, which is a nine 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 136%, compared to the last month there are only 1% more properties available. There are currently 7,197 homes listed for sale. Whether you’re looking to buy, sell, or rent, contact a realtor today so you can get moving.
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.
Call us today at (407) 564-2758 or fill out our customer inquiry form below and someone from our team will be in touch.
Your Home’s ValueFor a free, no-obligation market analysis and opinion of your home’s value, please complete the information below or give us a call at (407) 564-2758, and we would be glad to help you. Thank you!
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