Orlando Real Estate Market News - June 2022
Posted by Team Donovan on
May 'memorandum' From The Resort Area.
Inventory levels across the resort area have increased 38.7% from last month with 451 homes listed for sale in May compared to the 325 of last month. Year on year listings also rose to be up 24.3% from the 404 homes available during May 2021. The average days on market that a home now takes to sell increased by 5 days from the previous month at 76 but remained 24 days below the 100 day period it took for a home to close a year ago. A home that did sell achieved on average 99.8% of its listed price which was just sightly down on the 99.9% level of April 2022. The markets median price continued to increase and stood at $319,950 which was a 2.9% increase from April and represented a rise of 24.4% from the …