October 2021 Recap

State of the Market

• October’s median home price was recorded at $325,000, increasing once again after a slight drop in September to $318,000. Orlando saw a 10-month steady increase in the median home price prior to September when the record high hit $320,000 in July (maintained in August).
• Overall sales in October dropped by 0.77%, with a total of 3,760 sales.
• Homes spent an average of 27 days on the market in October, the same amount as September 2021.
• Inventory dropped for the first time in six months, decreasing by 7.12% from September to October, for a total of 3,406 homes on the market in October.
• “The market traditionally slows down during the winter months and that’s what we’re seeing with the drop in inventory in October – the first decrease in 6 months,” says Tansey Soderstrom, 2021 Orlando Regional REALTOR® Association President. “While the inventory is dropping, the median home price remains steady, still over 20% compared to 2020.”

Market Snapshot

• Interest rates showed a slight increase, as the average interest rate in October 2021 was 3.01%, an increase of 5.14% over September 2021. 
• ORRA members sold 3,760 homes in October 2021, a decrease of 0.77% from 3,789 homes sold in September 2021. Sales were still 3% higher than October 2020. 
• 26 distressed homes (bank-owned properties and short sales) accounted for .6% of all home sales in October 2021. That represents a 61% drop over October 2020, when 67 distressed homes sold. 

Inventory

• Orlando area inventory decreased by 7.12% from September 2021 to October 2021 from 3,667 homes to 3,406 homes. Inventory in October 2021 was 42% lower than in October 2020.
• The supply of homes remained at nearly one month in October 2021. A balanced market is six months of supply. 
• The number of new listings decreased in October 2021 from September 2021 by 2.14% from 4,026 homes to 3,940 homes. 

Courtesy of Orlando Regional Realtor Association

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

Homes for Sale in Davenport FL

Show Filters

Bedrooms

Bathrooms

Price Range

Save Search

Sort by:

Price, low to high

$175,000

490 Taft Drive, DAVENPORT

4 Beds 2 Baths 1,767 SqFt Residential MLS® # O6327270

$205,000

↓ $25,000

484 Lily Lane, DAVENPORT

3 Beds 2 Baths 1,535 SqFt Residential MLS® # P4935704

$219,900

↓ $19,000

1115 Deer Creek Boulevard, DAVENPORT

2 Beds 2 Baths 896 SqFt Residential MLS® # O6321363

$220,000

↓ $13,000

1144 Deer Creek Boulevard, DAVENPORT

1 Bed 2 Baths 364 SqFt Residential MLS® # O6339770

$230,000

1183 Trappers Trail Loop, DAVENPORT

2 Beds 2 Baths 1,394 SqFt Residential MLS® # TB8469573

$235,000

↓ $4,999

221 Prather Drive, DAVENPORT

2 Beds 2 Baths 1,435 SqFt Residential MLS® # O6334475

1 2 3 4 198

Next

Tags

• Newsletter (13)
• Real Estate News (9)
• State of the Real Estate Market (1)