Confused About What is Happening in Real Estate Today? Lean from a Professional!
Always a hot topic of conversation, real estate news is just about everywhere and on everyone’s minds. From items like mortgage rates to new types of loans, new negotiation tactics in play or how long it will take a home to sell, there can be a lot of information to take in. Just as you would with a financial advisor or medical professional it’s best to always lean on the professionals for answers and guidance. Professional real estate agents look at this data multiple times each day and have a in-depth knowledge of market trends, more so than news or social media platforms.
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Orlando Real Estate Market – Weekly Update
January 15, 2023 – January 21, 2023
Single-family existing homes
- Sales of single-family homes decreased to 266 during the week of Jan 15, from 267 the week prior
- The median price of single family homes decreased to $393,500, a change of -0.4%
- Single-family inventory decreased by 22, and now sits at 4,554
Sales of condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 81 during the week of Jan 15, from 95 the week prior
- The median price of condos, townhomes, and villas increased to $265,000, a change of 6.0%
- Condo inventory increased by 3, and now sits at 1,560