Another Month of Low Inventory
Since inventory in our market is still low homes are back to being placed under contract with multiple offers in just a few days! If you or someone you know is considering selling, and are waiting until the end of spring or summer when inventory is traditionally at it’s highest, they could end up loosing as much as 15% of their home value because of a more competitive market.
Call me TODAY with any questions you have!
Orlando Real Estate Market – Weekly Update
March 05, 2023 – March 11, 2023
Single-family existing homes
- Sales of single-family homes decreased to 432 during the week of Mar 05, from 571 the week prior
- The median price of single family homes decreased to $399,399, a change of -3.8%
- Single-family inventory decreased by 51, and now sits at 3,906
Sales of condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 132 during the week of Mar 05, from 182 the week prior
- The median price of condos, townhomes, and villas increased to $289,000, a change of 4.2%
- Condo inventory decreased by 8, and now sits at 1,423