Central Florida Real Estate Market Recap of September 2022
Posted by Florida Realty Marketplace on
Central Florida Real Estate Market Recap of September 2022
Due to the increase in interest rates, Sales have dropped 18.3 % when compared to August.
September 2022 Recap
State of the Market
- September’s interest rate was recorded at 6.3%, a 19.5% increase from August when the interest rate was 5.3%.
- Overall sales in September dropped by 18.3% for a total of 2,717 sales compared to 3,324 sales in August.
- Overall sales dropped 28.3% in September 2022 compared to September of last year.
- The median home price for September 2022 was recorded at $365,000, a decrease of 3.4% compared to August’s median home price, $377,750. This is the third month in a row that the median home price has fallen.
- Inventory rose…
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The first three quarters of 2022 have been a whirlwind of growth for Central Florida. Home prices climbed a steep hill, but in the next quarter, some areas may begin to expect a small decline or plateau. It can be difficult to navigate the changes occurring in the housing market, but Florida Realty Marketplace’s experts are equipped to help you make a decision that yields the most benefits.
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