ORLANDO REAL ESTATE MARKET NEWS - August 2023 - Published - 1st September 2023
Posted by Team Donovan on
ORLANDO REAL ESTATE MARKET NEWS - August 2023 - Published - 1st September 2023
August “arithmetics’ From The Resort Area.
August total closings were down 9.7% from a year ago, with 328 homes selling during the month compared to 363 a year ago. Sales were also down 13% from July's total of 377. A resort area home that sold during August did so at an average of 97.85 % of its listed price, which was slightly below last month's 98.0% average and well below the 99.8% level sales achieved one year ago. The average days it now takes for a resort area home to close stands at 93, which is 1 day higher than in July but some 33 days longer than the 60 days it took in August 2022. August's month-on-month median price was little changed at…
