The #OrlandoRealEstate market continues to move a bit slower than 2022, but slower sales have not had an effect on prices. Total sales were 11% lower than a year ago with just 1,982 homes of all types closing in December 2022.
The slower pace of sales has had an impact on inventory with the number of homes available for sale climbing 23% year over year. Currently, there are 7,838 homes available for sale in the Orlando market.
Even with the slower sales pace and the rising inventory, home prices continue to be strong with a 4% increase compared to December 2022. The median sales price last month was $367,250. Be sure to take a look at the brief video below, breaking down the most recent Orlando real estate market results.