Today, the Orlando Regional REALTOR Association’s published its State of the Market on Orlando, Florida home sales for April 2024.
Orlando, Florida Home Sales
A total of 2,759 homes sold during the month of April 2024. That is 1% less than the 2,766 sales in April 2023. Overall sales rose 7.8% from March 2024 to April 2024. There were 2,759 sales in April, up from 2,559 sales in March. This is the third month in a row that sales have risen.
Median Home Price
The Orlando, Florida median home sales price in April 2024 was $388,500. That is up from $386,500 in March 2024. This is the highest monthly median home price on record in the Orlando metropolitan area. The median home price for April 2024 was 5% higher than April 2023.
Inventory of Homes for Sale
The number of homes on the market increased by 82% compared to April 2023 and increased by 5% over March 2024. There are currently 9,376 homes listed for sale. This is the fourth month in a row inventory has risen. Buyers are still challenged by the limited number of homes available for sale in the Orlando metropolitan area.