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Orlando Real Estate March 2023

Real Estate Agent with Charles Rutenberg Realty BK645994

Inventory and prices remain higher than a year ago, with sales numbers quite a bit lower than last March. Currently inventory is just over double what it was last year with 5,052 homes available for sale. However, that number is 9% lower than February, and March is the fourth month in a row with declining numbers of homes for sale. The median price last month was $365,000 which is a modest 1% increase over last March. Sales continue to be much lower than a year ago, with 2,936 closed transactions last month. That is down 28% from March of 2022, however when I did my own search of closed sales last month I counted over 4,000. I do not know what the discrepancy is, but either way sales were up considerably compared to February.

Check out this brief video breaking down the #OrlandoRealEstate market results for March 2023.

Comments (2)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello David and thank you for sharing your market report with us here in the Rain.  Make it a great week!

Apr 17, 2023 08:49 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Thanks for sharing your market update with us. Buyers & sellers in your area would benefit from your services. Have a great day!


Apr 22, 2023 12:37 PM