State of the Market REport
Below is a Market Report for November 2022. There is a lot of information to decipher and some of the most important data includes the 2.5% reduction in sales price from October to November of this year along with an almost doubling of average days on market to sell compared to November of 2021.
Orlando Real Estate Market
December 18, 2022 – December 24, 2022
Single-family existing homes
- Sales of single-family homes decreased to 362 during the week of Dec 18, from 377 the week prior
- The median price of a single family home remains constant at $385,000
- The number of single-family home foreclosure transactions decreased to 3 last week, from 5 the week of Dec 11
- The number of single-family home short-sale transactions remains constant at 1
- Single-family inventory decreased by 160, and now sits at 4,935
Sales of condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 138 during the week of Dec 18, from 139 the week prior
- The median price of condos, townhomes, and villas increased to $260,000, a change of 2.8%
- The number of condo, townhome and villa foreclosure transactions remains constant at 1
- The number of condo, townhome and villa short-sale transactions remains constant at 0
- Condo inventory decreased by 53, and now sits at 1,566