Orlando, Florida Home Sales
A total of 2,249 homes were sold during the month of September 2024. That is 12% less than the 2,558 sales in September 2023. There were 2,249 sales in September, down 15.3% from 2,655 sales in August.
Median Home Price
The median home price for September was recorded at $380,000, down from $384,500 in August.
Inventory of Homes for Sale
Inventory for September was recorded at 11,560, up 0.4% from August when inventory was recorded at 11,511. This is the ninth month in a row that inventory has risen. The last time inventory was this high was September 2015. Inventory in September 2024 was 71.1% higher than in September 2023.
Lower interest rates and rising inventory levels are setting the stage for a balanced Orlando housing market as we enter Q4. With the Federal Reserve’s recent interest rate cuts and a significant increase in available homes, many buyers who have been waiting on the sidelines are now finding opportunities to achieve the American dream of homeownership.
