January 2021 Recap

State of the Market

• There are fewer homes on the market to start off in 2021. More people are moving to Central Florida, furthering the gap between supply and demand. The Orlando metropolitan area gained 60,977 new residents in 2020, the most in the last five years.
• Buyers are quickly snatching up available homes. In January, homes spent an average of just 40 days on the market versus 60 days in January 2020.
• “Sellers definitely have the upper hand right now. Inventory is down significantly from a year ago, and we’re seeing this continued influx of people moving to Central Florida. Buyers need to be pre-approved and ready to make an offer on a home they like, as the competition for homes is fierce,” said Natalie Arrowsmith, 2021 Orlando Regional REALTOR® Association President, NextHome Arrowsmith Realty.

Market Snapshot

• ORRA members sold 2,727 homes in January 2021, an increase of 20% over January 2020.
• The median sales price for January 2021 was $275,000, up 12% from January 2020.
• Listings spent an average of 40 days on the market until contract in January 2021, a drop of 33% from January 2020.

Inventory

• The Orlando area inventory is down 40% from 7,030 homes in January 2020 to 4,233 homes in January 2021.
• The number of new listings decreased 5% from 3,579 homes in January 2020 to 3,394 homes in January 2021.

Sales Details by County

MSA Numbers  

Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, Polk and Seminole counties) in January were up by 15.7% when compared to January of 2020.

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

Homes for Sale in Davenport FL

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$175,000

↓ $204,900

315 East Magnolia Street, DAVENPORT

5 Beds 3 Baths 2,300 SqFt Residential MLS® # O6294922

$229,000

↓ $5,900

2025 St George Drive, DAVENPORT

1 Bed 1 Bath 481 SqFt Residential MLS® # O6258334

$245,000

↓ $4,900

2881 St George Drive, DAVENPORT

2 Beds 1 Bath 660 SqFt Residential MLS® # O6227781

$260,000

↓ $19,900

221 Prather Drive, DAVENPORT

2 Beds 2 Baths 1,415 SqFt Residential MLS® # P4933087

$265,000

↓ $75,000

266 Vervain Avenue, DAVENPORT

4 Beds 3 Baths 2,792 SqFt Residential MLS® # O6268778

$265,000

↑ $7,150

947 Highland Meadows Street, DAVENPORT

3 Beds 2 Baths 1,275 SqFt Residential MLS® # O6298316

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