ORLANDO REAL ESTATE MARKET NEWS - December 2023 - Published - 1st January 2024
Posted by Team Donovan on
Published January 1st 2024
December "data" from the Resort Area Market...
The final Team Donovan report for 2023 sales activity details that the median Price of a resort area home has increased 2.7% over the past 12 months, rising from $363,100 in December 2022 to $373,156 twelve months later. Total resort area inventory was up 30% over the same period from 1,115 listings a year ago to the 1,595 total currently available. The average number of days on the market that a home took to close in December was 98, compared to 67 days a year ago. A home that closed during the Month did so at an average of 97.9% of its listed Price, from an average of 100.01% twelve months ago. During December, the market saw 120 homes withdrawn after failing to sell,…