The Orlando real estate market has really been soft the last several months. November was no exception. Sales were off 9.6% compared to November 2023. Only 1,805 homes sold last month. Prices have continued to hold steady even with declining sales and increasing inventory. The median sales price was up about 1.3% last month compared to a year ago. The median sales price of homes sold last month was $380,000. The number of homes of all types available for sale increased 41.5% last month compared to a year earlier. Inventory rose to 11,604 homes. Based on last month's sales pace, this represents a 6.4 month supply of inventory.
Check out this short video courtesy of the Orlando Regional Realtor Association.
#OrlandoRealEstate
Comments(2)