Once again inventory rose significantly compared to a year ago, but the 6,884 homes available for sale was up only 1.8% from August. Close sales were down 28.3% compared to a year ago with just 2,717 compared to 3,789 in September of 2021. New listings and new contracts were also down compared to the same month last year, but the median sales price was up 14.8% to $365,000. The inventory or homes for sale represents a 2.5 month supply compared to about a one month supply last year, and the time on market rose slightly to 31 days compared to 27 a year ago.
Check out this brief video with the #OrlandoRealEstate market report for September 2022.
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