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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