Real Estate Market Report - Orlando, FL (Jan, 2024)
Current Market Condition
6,421
Active Listings
4,904
Pending Listings
$354,930
Median List Price
The median sale price for homes shows a steady increase from January ($359,900) to March ($395,000), with a slight dip in July ($384,900) and August ($375,000), before increasing again in September ($399,900). The median list price for homes also shows a steady increase from January ($350,000) to June ($387,500), with a slight dip in August ($374,280) and September ($370,000), before increasing again in October ($384,000) and December ($374,000).
Median Sale/List Price
The median sale price per square foot shows a steady increase from January to October 2023, with a peak in December 2023 at $245.632 per square foot. The largest increase occurred between May and June, with a jump from $238.088 to $239.76.
Median Sale Price per Square Foot
The median sale price to list price ratio shows a steady increase from January to May 2023, with a plateau from June to August, followed by a slight decline in the last few months of the year. Overall, the ratio is higher than 0.98 for most of the year, indicating that properties are being sold close to or above their listed prices.
Median Sale Price to List Price Ratio
The data shows a consistent increase in the number of properties sold/listed from January to June, with June having the highest count of 1328. However, there was a decline in the following months with December having the lowest count of 911. The number of properties listed for sale also follows a similar pattern with May having the highest count of 1145.
Properties Sold/Listed
The median days on market for properties decreased steadily throughout the year, going from 33 days in January and February to 12 days in June, before gradually increasing again to 26 days in December. The lowest median days on market was in May, with only 14 days, indicating a hot housing market.
Median Days on Market
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