Today we released our latest Market Insights overview on Orlando, FL. Here is a brief overview of the Orlando market.
In February, Orlando list prices posted their sharpest decline of the recent cycle, reverting to June 2022 pricing. Single-family sale prices peaked in June 2022 and decreased each month through December 2023, but have remained mostly flat over the past 3 months.
Active supply in Orlando declined consistently from August 2022 through to January 2023, but picked back up again last month. Despite the declines in inventory from late summer highs of 2022, overall inventory remains elevated.
Absorption fell month over month as closings increased and new listing volume declined.
Interested in learning more about the Orlando market? Reach out to us, we’d be happy to chat further.