Real Estate Market Report - Orlando, FL (Nov, 2023)

The median sale price for homes has been steadily increasing from November 2022 to March 2023 with a peak of $395,000, then remains relatively stable between $375,000 to $399,900 until October 2023. Conversely, the median list price for homes remains constant at $350,000 from November 2022 to February 2023, then gradually increases to $385,000 by July 2023 before slightly dropping to $372,500 by August 2023.

The median sale price per square foot has been steadily increasing, starting at $225.695 in November 2022, and reaching $243.902 by October 2023. However, there was a slight dip in July 2023 to $236.67 before recovering in August 2023 to $240.839.

The median sale price to list price ratio is expected to remain stable and high over the next year, ranging from 0.979 to 0.992. This indicates that homes are selling close to their asking price and that the housing market is strong.

The first set of data shows a gradual increase in the number of properties sold/listed from November 2022 to June 2023, with a peak in May at 1221 and a slight decrease in October to 1155. The second set of data shows a fluctuation in the number of properties sold/listed, with a peak in May at 1149 and a low in January at 645.

The median days on the market for this data set ranges from 12 to 34 days, with the lowest median being in May 2023 and the highest median being in January 2023. Overall, the median days on the market trend downward as time goes on, indicating a potential increase in demand for properties in the coming months.