ORLANDO REAL ESTATE MARKET NEWS - May 2024 - Published - 1st June 2024
Posted by Team Donovan on
***Published on 1st June 2024***
May “math ” from the Resort Area Market...
Total sales during May of 444 were a new monthly high for 2024 which compared to 408 in April and the low of 281 closings in January. A home that sold during May achieved an average 98.1% of its listed price which compares to 97.5% in April, whilst the average days that a home was on the market was 82 during the month, compared to a 70 day average recorded over the last 12 months. The May median price increased 0.3% month on month from $402,949 to $404,000 whilst the average days that a home takes to close was up by 2 days from April at 109 and up 4 days from the 104 day average of the first quarter of 2024. Overall Inventory levels continued to rise with the May…