Orlando Real Estate Market News - February 2023
Posted by Team Donovan on
ORLANDO REAL ESTATE MARKET NEWS - JANUARY 2023 - Published 1st February 2023
JANUARY "summary' From The Resort Area.
The January resort area climbed again during the month, with the revised median setting another new record of $365,387, representing a 25% gain on the one-year-ago median price of $292,300. Month on month, the January median price represented a 0.6% increase from the $363,100 price in December. The total number of January closings was 228 which was 55% below the 418 closings recorded a year ago. On average, a January closed home achieved 100.02% of the listed price, up to the 99.17% level achieved a year ago. The average days on the market that a home took to close was 69 which compares to 82 days a year ago but 2 days higher…