Central Florida Real Estate Market Recap - July 2021
Posted by Florida Realty Marketplace on
The time homes are spending on the market has reached a historic low.
July 2021 Recap
State of the Market
- Orlando’s median home price reached $320,000 in July 2021, continuing a six-month trend of record-setting prices. The increase is 18.5% from July 2020, when the median home price was $270,000.
- Sales fell 5.2% in July 2021 compared to the previous month; however, they have spiked 13.7% from July 2020.
- The time homes are spending on the market has reached a historic low. In July 2021, homes spent just 26 days on the market.
- Inventory rose for a third straight month in July 2021 but is still down 43.3% year-over-year.
- “We are seeing the housing market start to level off from its peak, but that doesn’t mean…
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