State of the Market February’s median home price was recorded at $345,000, an increase of 2.99% compared to January 2022 and setting a new record high, surpassing December 2021’s record high of $340,000. The median home price in February 2021 was $280,000. Overall sales in February increased by 5.44%, with a total of 3,198 sales compared to 3,033 sales in …
ORLANDO HOUSING MARKET SNAPSHOT FOR JANUARY 2022
State of the Market January’s median home price was recorded at $335,000, a slight decrease of 1.47% following December 2021’s record high of $340,000. Overall sales in January dropped by 20.6%, with a total of 3,033 sales compared to 3,820 sales in December 2021. Homes spent an average of 32 days on the market in January, up slightly from December …
ORLANDO HOUSING MARKET SNAPSHOT FOR DECEMBER 2021
State of the Market December’s median home price was recorded at $340,000, closing the year with the highest median home price ever recorded. Overall sales in December increased by 4.26% with 3,820 sales. Homes spent an average of 31 days on the market in December, up slightly from November 2021 when the average was 28. Inventory noticeably dropped in December, …
ORLANDO HOUSING MARKET SNAPSHOT FOR NOVEMBER 2021
State of the Market November’s median home price was recorded at $330,000, a new record high and increasing once again after October’s median home price was recorded at $325,000. Overall sales in November dropped by 2.55%, with a total of 3,664 sales. Homes spent an average of 28 days on the market in November, up slightly from October 2021 when …
ORLANDO HOUSING MARKET SNAPSHOT FOR OCTOBER 2021
State of the Market October’s median home price was recorded at $325,000, increasing once again after a slight drop in September to $318,000. Orlando saw a 10-month steady increase in the median home price prior to September when the record high hit $320,000 in July (maintained in August). Overall sales in October dropped by 0.77%, with a total of 3,760 …
ORLANDO HOUSING MARKET SNAPSHOT FOR SEPTEMBER 2021
State of the Market Orlando’s median home price dropped by $2,000 from last month. September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021. The median home price has steadily been increasing over the last 11 months when it was recorded at $269,950 in October 2020. Overall sales …
Orlando Housing Market Snapshot for August 2021
State of the Market Orlando’s median home price remained unchanged in August 2021 from the prior month – a record-high $320,000. The median price is 16% higher than August 2020’s $275,000. Sales fell for a second straight month this summer. In August 2021, sales dropped 4.4% from the previous month. Homes spent just 25 days on the market in August …
Orlando Housing Market Snapshot for July 2021
State of the Market Orlando’s median home price reached $320,000 in July 2021, continuing a six-month trend of record-setting prices. The increase is 18.5% from July 2020, when the median home price was $270,000. Sales fell 5.2% in July 2021 compared to the previous month; however, they have spiked 13.7% from July 2020. The time homes are spending on the …
Orlando Area Residential Real Estate Snapshot for May 2021
State of the Market Median home prices in the Orlando area are now at their highest in ORRA’s recorded history. In May 2021, the median home price was $300,000, up 15% from May 2020. While inventory is on the rise for the first time since September 2020, listings in May 2021 spent only 36 days on the market – the …