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.
Subscribe to CommentsComment