Orlando Real Estate Market News - July 2022
Posted by Team Donovan on
June 'journal' From The Resort Area.
Resort area inventory levels continued to climb during June as the total number of homes listed for sale increased 35% from in May 451 to 692 in June. Year on year overall inventory is up by 307 homes or 45% from the 385 total twelve months ago. Total sales during the month of 445 were down 15% from the 523 closings last month and also down from the 525 sales achieved in June 2021. During June the average days on market that a home took to sell was 64 which was 12 days faster than last month and some 35 days below the number of days it took a year ago. A home that closed during June went on to achieve 99.9% of its listed price which is up on the 98.7% level being achieved last June. The markets median…