Central Florida Real Estate Recap of July 2024
Posted by Florida Realty Marketplace on
Central Florida Real Estate Recap of July 2024
July represented another strong month in the housing market as many families worked to squeeze in their moves before the start of the new school year
State of the Market
- July’s interest rate was recorded at 6.6%, down from 6.7% in June.
- In ORRA’s new survey of Orlando REALTORS, 52% of respondents cited interest rates as the top challenge for buyers, causing some buyers to wait out purchasing homes right now or look at lower price points.
- The median home price for July was recorded at $390,000, down from $395,000 in June. June was the highest monthly median home price on record in the Orlando area.
- Home prices were cited as the second biggest…
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At Florida Realty Marketplace, we not only specialize in helping people buy and sell homes, but we're also strong advocates for environmental preservation. As part of our commitment to protecting the unique ecosystem of the Florida Everglades, we established the Save the Everglades Scholarship, a $500 award for students in the Science or Legal field. Today, we are excited to announce the winner of our scholarship award, Daniela Torres!
