ORLANDO REAL ESTATE MARKET NEWS - February 2024 - Published - 1st March 2024
Posted by Team Donovan on
Published on 1st March 2024
March “math” from the Resort Area Market...
The February resort area median price was down 0.5% month on month from $404,419 to $402,500, whilst the average days a home takes to close was unchanged from January at 105 days. The total inventory was up by just 7 homes compared to January's at 2,775 listings and 2% up from December's inventory of 2,719. A home that did sell during the month closed at an average of 97.8% of its listed price, which compares to 97.6% in the previous month. During February, 314 homes were withdrawn from the market, having failed to sell, which was below the January withdrawn total of 319 but up on the 260 withdrawn during December 2023. The total pipeline number of homes under…