Jean Scott Homes, REALTORS at Keller Williams Advantage Realty

Orlando Florida Home Sales for October 2023

Orlando Florida Home Sales for October 2023

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Orlando Florida Home Sales

The leaves weren’t the only thing shifting in October—so was the Orlando housing market. In this edition of Orlando Florida Home Sales October 2023, we explore rising inventory, steady prices, and a modest dip in sales activity across the Greater Orlando region.

October 2023 Sales Snapshot

A total of 2,429 homes were sold in October 2023, down 11% from the 2,716 homes sold in October 2022. While year-over-year activity softened, the market remains stable and continues to adjust to the pace of fall.

Median Home Price

The median sales price reached $377,000—up 3% from the same time last year. This subtle but steady increase reflects sustained buyer demand, especially for homes that are well-priced and move-in ready.

Inventory of Homes for Sale

Buyers in October had more to choose from. Inventory rose 10% over the previous month and 16% year-over-year, with 7,813 homes actively listed. This continued growth in available homes gives buyers a bit more leverage, though competition remains healthy.

Market Perspective

October’s mix of price growth and increased supply sets a balanced tone heading into the holidays. For buyers, more options mean better chances of finding a good fit. For sellers, pricing competitively is key in a market that’s steadily broadening.

ORRA’s Complete Market Report

Dive into more detail by visiting ORRA’s full State of the Market Report, featuring 13 months of local housing trends and insights going back five years.

Orlando Florida Home Sales for September 2023

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Orlando Florida Home Sales

As summer faded and fall rolled in, the Greater Orlando housing market showed signs of seasonal adjustment. In this update on Orlando Florida Home Sales September 2023, we take a closer look at declining sales, a tight inventory, and a modest bump in prices.

September 2023 Sales Overview

Orlando saw 2,558 home sales in September 2023, which is 6% fewer than the 2,717 sold in September 2022. The dip reflects a typical seasonal slowdown, with many buyers having wrapped up moves before the school year began.

Median Home Price

The median price nudged up to $370,000, a 1% increase over the same month last year. That subtle gain indicates price stability, even as buyer activity cooled and inventory shifted slightly.

Inventory of Homes for Sale

There were 6,758 homes on the market in September—2% fewer than in August, yet 11% more than the same time in 2022. While active listings are higher year-over-year, supply remains tight enough to keep the market competitive.

Fall Market Vibe

September’s numbers suggest a more relaxed market heading into Q4. Buyers may benefit from less competition, while sellers can lean on continued price stability to draw interest. Whether you’re moving now or planning ahead, it’s a good time to keep an eye on the market.

ORRA’s Complete Market Report

For a deeper look into local trends and historical context, browse ORRA’s full State of the Market Report, which includes the latest 13 months of data and more.

Orlando Florida Home Sales for August 2023

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Orlando Florida Home Sales

As summer began to wind down, the Greater Orlando real estate market showed signs of seasonal cooling. In this update on Orlando Florida Home Sales August 2023, we unpack softer sales numbers, stable pricing, and inventory movement across the metro area.

August 2023 Sales Overview

A total of 2,792 homes were sold in August 2023, down 16% from 3,324 sales in August 2022. While the decline is notable, it’s consistent with late-summer slowdowns as families settle in for the school year and travel season wraps up.

Median Home Price

The median home price landed at $375,000—a slight 1% dip compared to August of last year. It’s a sign that the market is adjusting to changing buyer behavior and economic conditions without any sharp corrections.

Inventory of Homes for Sale

There were 6,115 homes on the market in August, reflecting a 10% decrease from July but still 7% more than in August 2022. Inventory remains limited, creating a tighter market for buyers, though year-over-year availability has improved.

Buyer & Seller Insight

While activity slowed a bit, well-priced homes are still attracting attention. Sellers should stay sharp with staging and pricing, while buyers should be ready to act quickly when the right home pops up.

ORRA’s Complete Market Report

Get all the numbers and long-term insights in ORRA’s full State of the Market Report, featuring trends from the past 13 months and beyond.

Orlando Florida Home Sales for July 2023

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Orlando Florida Home Sales

July brought steady prices and slower movement across the Greater Orlando real estate market. In this edition of Orlando Florida Home Sales July 2023, we highlight how the market held its ground on pricing, even as inventory and sales pulled back.

July 2023 Sales Overview

There were 2,852 homes sold in July 2023, down 14% from the 3,309 sales recorded in July 2022. This decline reflects a typical mid-summer cooldown, as some buyers pause after the peak early summer rush.

Median Home Price

The median home price held firm at $380,000—unchanged year-over-year. That price stability points to continued buyer confidence, even as affordability challenges and higher interest rates linger.

Inventory of Homes for Sale

There were 5,720 homes on the market in July, down 12% from June but still 5% higher than July of last year. Despite the slight year-over-year increase, available inventory remains tight, keeping buyers on their toes.

Market Pulse

While activity has slowed from the spring surge, the Orlando market remains resilient. Buyers will want to act quickly on well-priced listings, and sellers who price strategically can still attract solid offers in a competitive landscape.

ORRA’s Complete Market Report

Want to dig deeper into the numbers? Check out ORRA’s full State of the Market Report, which includes data from the past 13 months and longer-term trends.

Orlando Florida Home Sales for June 2023

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Orlando Florida Home Sales

June 2023 brought a steady pace and subtle shifts to the Greater Orlando housing market. In this edition of Orlando Florida Home Sales June 2023, we take a look at cooling sales, stable inventory, and slight price adjustments as summer hit full swing.

June 2023 Sales Snapshot

There were 3,124 homes sold across the metro area in June, down 18% from the 3,793 sold in June 2022. That dip suggests some buyers may be pausing due to higher mortgage rates, economic uncertainty, or simple seasonal timing.

Median Home Price

The median home price settled at $385,000—a 1% decrease compared to June of last year. While not a dramatic shift, it reflects a market that’s gradually adjusting after several years of rapid appreciation.

Inventory of Homes for Sale

Inventory held steady month-over-month, with 5,450 homes on the market in June. That’s 6% more than the year before, giving buyers a bit more breathing room while still staying well below “balanced market” territory.

Mid-Year Market Notes

With prices easing slightly and inventory inching upward, June offered a snapshot of a market easing into a more sustainable rhythm. Buyers may find more room to negotiate, and sellers who price appropriately are still finding solid offers.

ORRA’s Complete Market Report

Check out ORRA’s full State of the Market Report for deeper insights, including monthly trends and archived stats going back five years.

Orlando Florida Home Sales for May 2023

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Orlando Florida Home Sales

May 2023 brought a mixed bag to the Greater Orlando housing scene. In this edition of Orlando Florida Home Sales May 2023, we dive into softened sales, stable pricing, and a noteworthy increase in available homes for buyers.

May 2023 Sales Recap

A total of 3,150 homes sold across the Orlando area in May—down 20% from the 3,946 homes sold during the same month in 2022. The drop reflects a market adjusting to shifting buyer behavior and tighter affordability conditions.

Median Home Price

The median sales price came in at $378,000, just 1% below May 2022. That near-flatline suggests that while demand has eased, home values are holding relatively steady across the metro area.

Inventory of Homes for Sale

There were 5,149 homes on the market in May—unchanged from April, but a significant 34% increase year-over-year. The boost in inventory is welcome news for buyers who’ve been facing tight competition over the past two years.

Market Perspective

With prices leveling and more listings coming online, May felt like a breather for both sides of the table. Buyers gained a bit more choice, and sellers still benefited from solid pricing—especially if their homes were market-ready and well-positioned.

ORRA’s Complete Market Report

For additional trends and a deep dive into historical data, visit ORRA’s full State of the Market Report, with updates spanning the last 13 months and beyond.