Central Florida Real Estate Market Recap of May 2022
Posted by Florida Realty Marketplace on
Central Florida Real Estate Market Recap of May 2022
May’s median home price was recorded at $379,950, an increase of 2.7% compared to $370,000 in April 2022
May 2022 Recap
State of the Market
- Inventory increased by 44.2% from April 2022 to May 2022, with over 1200 additional homes hitting the market in May compared to April – this is the highest monthly increase in Orlando inventory to date
- May’s median home price was recorded at $379,950, an increase of 2.7% compared to $370,000 in April 2022; this sets a record high for the fourth month in a row.
- Interest rates increased from 4.9% in April 2022 to 5.3% in May 2022. This is the highest interest rates in the Orlando area have been since 2009. This is also…
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