Central Florida Market Recap of November 2021

Posted by Florida Realty Marketplace on Tuesday, December 21st, 2021 at 9:25am


November’s median home price was recorded at $330,000, a new record high and increasing once again after October’s median home price was recorded at $325,000.



November 2021 Recap

State of the Market

  • November’s median home price was recorded at $330,000, a new record high and increasing once again after October’s median home price was recorded at $325,000.
  • Overall sales in November dropped by 2.55%, with a total of 3,664 sales.
  • Homes spent an average of 28 days on the market in November, up slightly from October 2021 when the average was 27.
  • Inventory continues to drop in November, decreasing by 10.57% from October to November, for a total of 3,046 homes on the market in November.
  • After the number of new listings continuously increased from March 2021 to July 2021, new listings have since been dropping, resulting in just 3,226 new listings for November 2021.
  • “New listings tend to decrease over the holidays and that’s what we’re seeing here with the drop in November,” says Tansey Soderstrom, 2021 Orlando Regional REALTOR® Association President. “With lower inventory, we once again see the median home price increase – keeping the housing market competitive.”

Market Snapshot

  • Interest rates showed a slight decrease, as the average interest rate in November 2021 was 2.95%, a decrease of 1.83% over October 2021. 
  • ORRA members sold 3,664 homes in November 2021, a decrease of 2.55% from 3,760 homes sold in October 2021. Sales were still 13% higher than November 2020. 
  • 24 distressed homes (bank-owned properties and short sales) accounted for .6% of all home sales in November 2021. That represents a 35% drop over November 2020, when 37 distressed homes sold. 


  • Orlando area inventory decreased by 10.57% from October 2021 to November 2021 from 3,406 homes to 3,046 homes. Inventory in November 2021 was 45% lower than in November 2020.
  • The supply of homes remained at nearly one month in November 2021. A balanced market is six months of supply. 
  • The number of new listings decreased in November 2021 from October 2021 by 18.12% from 3,940 homes to 3,226 homes. 

Year over Year Changes

Market Snapshot

Courtesy of Orlando Regional Realtor Association

Homes for Sale in Davenport FL - Click Here to Search All of Davenport

2881 St George Drive, DAVENPORT
  • Residential
  • 2 Beds
  • 1 Baths
  • 660 SqFt

2881 St George Drive, DAVENPORT

50989 Highway 27 Lot 315, DAVENPORT
  • Residential
  • 3 Beds
  • 2 Baths
  • 1,404 SqFt

50989 Highway 27 Lot 315, DAVENPORT

515 Jett Lane, DAVENPORT
  • Residential
  • 3 Beds
  • 2 Baths
  • 1,461 SqFt

515 Jett Lane, DAVENPORT





Leave A Comment

Format example: yourwebsitename.com

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.

Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on January 21st, 2022 at 12:52pm EST.

What's Your Home Worth? Find out now, for Free.

Let's Go