Last month the inventory of all types of homes for sale was up 88% compared to a year ago. There were 11,511 at the end of last month compared to 6,115 at the end of August 2023. The median home price was up 3% compared to August of 2023. The median sales price last month was $384,500 compared to $375,000 the year before. The total number of closed sales was down by 5% compared to the same month last year. There were 2,655 closed sales this August compared to 2,792 last year.
New listings were up compared to last year, but new contracts and the total number of properties under contract were both down. The average days on market, average days to sale and the months supply of inventory were all up as well, pointing to a slowing market. Take a look at this brief video provided by the Orlando Regional Realtor Assocation with a breakdown of last months #OrlandoRealEstate market results.
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