Orlando Housing Market Snapshot for August 2021

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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

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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

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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 …

Orlando Sales and Median Price Record Increases as Housing Market Awaits Impact from COVID-19

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Orlando’s housing market in March saw its home sales improve by nearly 2% compared to March 2019, while the median price increased by 8%.  Inventory experienced a year-over-year decline of 10%. Experts point out that we will have to wait another month to see solid evidence of the influence of the COVID-10 pandemic in Orlando’s home sales statistics.  Because of …