Orlando, Florida Home Sales
A total of 2,601 homes sold during the month of June 2024. That is 17% less than the 3,1240 sales in June 2023. Overall sales rose 17% from April to May. There were 2,601 sales in June, down from 2,909 sales in May. This breaks a four-month streak of rising sales.
Median Home Price
The Orlando, Florida median home price for June was recorded at $395,000, up from $385,000 in May. This is the highest monthly median home price on record in the Orlando area. This is the second time in 2024 the record has been broken.
Inventory of Homes for Sale
Inventory for June was recorded at 10,796, up 5.0% from May when inventory was recorded at 10,282. This is the sixth month in a row that inventory has risen. The last time inventory was this high was November 2015.
Demand in the Orlando market is holding strong this summer, as evidenced by yet another record-breaking median home price in June. The good news for buyers is that we are continuing to see inventory rise. More inventory gives buyers more options and more power to negotiate with the seller in the home-buying process.
Average 30-Year Mortgage
ORRA’s Complete Market Report
The current edition of ORRA’s State of the Market Report has the complete data for the most recent 13 months. They have editions posted going back 5 years.
