Central Florida Real Estate Recap of February 2024
Posted by Florida Realty Marketplace on
Central Florida Real Estate Recap of February 2024
New Orlando Regional REALTOR® Association data shows a Rise in the Median Home price.
State of the Market
- Overall sales rose 26.5% from January to February. There were 2,174 sales in February, up from 1,719 sales in January. This comes after eight months of falling sales.
- The median home price for February was recorded at $377,000, up from $360,000 in January. This comes after three months of falling median home price.
- Pending sales increased by 17.8%, with 3,303 in January and 3,891 in February.
- New listings rose 7.8% from January to February, with 3,799 new homes on the market in February, compared to 3,524 in January.
- Inventory for February was…
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