HOUSING MARKET NARRATIVE

Orlando Housing Market Activity

Orlando Area Residential Real Estate Snapshot for December 2022

• December’s median home price was recorded at $353,200, down from November’s median home price of $360,000.
• Overall sales in December increased by 11.7% from November, with 2,230 sales recorded.
• Homes spent an average of 49 days on the market in December, up from November when the average was 43.
• Inventory dropped in December, decreasing by 11.8% from November, for a total of 6,351 homes on the market.
• New listings dropped in December, with 2,186 new listings, compared to 2,597 new listings in November.
• Interest rates decreased for the second month in a row – 6.1% in December compared to 6.6% in November.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.