12/03/2022
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❗️𝗠𝗮𝗿𝗸𝗲𝘁 update❗️
✅ Here is a quick update one how the market was in November, 2022. The market is shifting and there are many great properties to buy! Interest rates are starting to go down from 7% to 6.5% (please verify your interest rate with a lender) and prices have been dropping.
The average days on the market is 19-23 days. Let’s look at the numbers of Orlando, Kissimmee, & Davenport Cities in Central Florida!
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Here is the sales activity for the month of November.
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Swipe ➡️➡️➡️
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- City of Orlando
- City of Kissimmee & Davenport, FL
November 2022 statistics
These statistics are for single-family homes, condos and townhomes, or any residential property compared to last month, october.
City of Orlando
◦ Median Sales Price $350,000 ⬇️ 3.7%
◦ Closed Sales 530 ⬇️ 20.9%
◦ Average Days on Market 19 Days ⬇️ 16 Days
◦ New listings 845 ⬇️ 16.82%
◦ Active Listings 2,166 ⬆️ 12.41%
◦ Months of Inventory 3 months ➡️ 3 months
City of Kissimmee & Davenport, FL
◦ Median Sales Price $370,000 ⬇️ 2.5%
◦ Closed Sales 698 ⬇️ 25.50%
◦ Average Days on Market 23 Days ⬆️ 21 Days
◦ New listings 726 ⬇️ 25.23%
◦ Active Listings 2,567 ⬇️ 4.09%
◦ Months of Inventory 5 months ⬆️ 4 months
𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗱𝗮𝘁𝗮? 📈📉 𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝗯𝗲𝗹𝗼𝘄 👇🏻 𝗼𝗿 𝘀𝗲𝗻𝗱 𝗺𝗲 𝗮 𝗗𝗠 📩
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(Don’t see your area here and want a market update, let me know and I’ll send you a custom analysis of your area).
