08/26/2024
Orlando Market Update!📈
Stay in the know with a weekly snapshot of key market indicators. Stay updated on the pulse of the market with our quick summary of the previous week.
Single-family homes
▪️Sales of single-family homes increased to 409 during the week of August 11, from 373 the week prior
▪️The median price of single family homes decreased to $423,880 a change of -3.7%
▪️The number of single-family home foreclosure transactions decreased to 1 from 2 the week prior
▪️The number of single-family short-sale transactions remains constant at 0
▪️Single-family inventory increased by 38, and now sits at 7,272.
Condos, townhomes, and villas
▪️Sales of condos, townhomes, and villas increased to 113 during the week of August 11, from 109 the week prior
▪️The median price of condos, townhomes, and villas decreased to $280,000 a change of -7.6%
▪️The number of condo, townhome, and villa foreclosure transactions remains constant at 0
▪️The number of condo, townhome and villa short-sale transactions remains constant at 0
▪️Condo inventory increased by 54, and now sits at 3,628.
Source:
www.orlandorealtors.org