December Orlando Real Estate Market Stats Are In!
What is up, what is down, and what is going on?!
Inventory naturally decreased during the holidays which was great for our Sellers that were on market. The average sales price held steady from the previous month, a good sign since from October to November the average sales price decreased by 3%. The Average Days on Market (ADOM) does continue to rise, a sign that we continue to move towards what most veteran agents call a “normal market” which is always the best market for both Sellers and Buyers.
Orlando Real Estate Market – Weekly Update
January 01, 2023 – January 07, 2023
Single-family existing homes
- Sales of single-family homes decreased to 214 during the week of Jan 01, from 384 the week prior
- The median price of single family homes decreased to $383,500, a change of -3.4%
- Single-family inventory decreased by 32, and now sits at 4,654
Sales of condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 69 during the week of Jan 01, from 133 the week prior
- The median price of condos, townhomes, and villas decreased to $250,000, a change of -2.0%
- Condo inventory increased by 27, and now sits at 1,527