ORLANDO REAL ESTATE MARKET NEWS - March 2024 - Published - 1st April 2024
Posted by Team Donovan on
***Published on 1st April 2024***
March “math” from the Resort Area Market...
Total resort area net market inventory increased by 25 homes compared to February, rising to 2,800 listings and 33 homes from the January total of 2,767. A home closing during March sold at an average of 98.0% of its listed price compared to 97.8% last month and 97.6% in January. The March median price was up 0.4% month on month from $402,500 to $404,000, whilst the average days a home now takes to close was 105, unchanged from last month and January. The average days a home was listed was 68 during March compared to an average of 55 over the past 12 months. The pipeline number of homes under offer/pending closure stood at 684, 6 homes down from February but 73 higher…