State of the Market
- “The busy spring season for the real estate market is in full swing,” said Rose Kemp, Orlando Regional REALTOR® Association President. “We’ve seen a steady increase in sales, median home price and inventory every month this year. Our median home price in March was very close to our peak from June 2022, so it will be interesting to see how these high prices affect the market in the coming months.”
- The median home price for March was recorded at $386,500, up from $377,000 in February. The highest monthly median home price on record in the Orlando area was $387,000 in June 2022.
- Overall sales rose 17.7% from February to March. There were 2,559 sales in March, up from 2,174 sales in February.
- Inventory for March was recorded at 8,971, up 4.4% from February when inventory was recorded at 8,589.
- March’s interest rate was recorded at 6.7%, up slightly from 6.6% in February.
- New listings rose 8.6% from February to March, with 4,124 new homes on the market in March, compared to 3,799 in February.
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