State of the Real Estate Market in Orlando Area for August 06, 2023 – August 12, 2023
Single-family existing homes
- Sales of single-family homes decreased to 416 during the week of August 06, from 481 the week prior
- The median price of single family homes decreased to $426,250, a change of -2.0%
- The number of single-family home foreclosure transactions remains constant at 2
- The number of single-family short-sale transactions remains constant at 0
- Single-family inventory increased by 129, and now sits at 4,278
Sales of condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 131 during the week of August 06, from 178 the week prior
- The median price of condos, townhomes, and villas decreased to $285,000 a change of -1.2%
- The number of condo, townhome, and villa foreclosure transactions increased to 1 from 0 the week prior
- The number of condo, townhome and villa short-sale transactions remains constant at 0
- Condo inventory increased by 49, and now sits at 1,730
*Source: Orlando Realtor Association
Central Florida
*Source: Stellar MLS