ORLANDO REAL ESTATE MARKET NEWS - August 2024 - Published - 1st September 2024
Posted by Team Donovan on
***Published on 1st September 2024***
August “answers ” from the Resort Area Market...
The August median home price was unchanged from July at $400,000 but remained down 1.1% from the January median price of 404,418, whilst the average days that a home takes to close was up by 2 days from July at 114 and 3 higher than 111-day average recorded in June. The trend of rising inventory slowed in August, with the total number of listings at 3,162. Little changed from 3,157 in July, but it was above the 2,767 total listings recorded in January 2024. Total sales during August of 326 homes were down 96 on the previous month and down 75 on the resort area closings recorded during June. A home that closed during August did so at an average of 97.8% …