Orlando Real Estate Market News - July 2022 - (Published August 1st 2022)
The resort area saw closed sales during July totaling 412 which was 8% down on last months 445 closings and 18.2% down on the one year ago total of 487. A home that sold during the month achieved 99.9% on average of the listed price and took a total of 63 days to close compared to 98.6% and 97 days respectively that was being achieved 12 months ago. The markets median price continued to climb with the July price of $335,875 representing a 27.4% increase from the one year ago price of $263,438. Month on month, Julys median price was up 2.4% from the $328,000 recorded in June. Overall inventory levels climbed during the month with the total number of homes listed for sale revised to 871 which was an increase…