Central Florida Real Estate Recap of June 2023

New Orlando Regional REALTOR® Association data shows the highest median home price this year as an uptick in inventory hits the summer market

central florida real estate recap of june 2023

June 2023 Recap

State of the Market

  • The median home price for June was recorded at $385,000, up from $378,000 in May. Median home prices have increased every month this year.
  • Median home price in June 2023 was close to June 2022, when it was recorded at $387,000.
  • New listings rose 7.1% from May to June, with 3,703 new homes on the market in June, compared to 3,459 in May.
  • Homes spent an average of 41 days on the market (DOM) in June, down from 45 days in May. This is 105.0% higher than June 2022 when homes spent an average of 20 days on the market.
  • Overall sales fell 0.8% from May to June. There were 3,124 sales in June, down from 3,150 sales in May.
  • June’s interest rate was recorded at 6.7%, up slightly from 6.6% in May.
  • Inventory for June was recorded at 5,450, up 5.8% from May when inventory was recorded at 5,149.
  • Inventory in June 2023 (5,450) was 0.2% higher compared to June 2022, when it was recorded at 5,437 homes.
  • “Now that we’re officially halfway through the year, Orlando’s housing market remains strong,” said Lisa Hill, Orlando Regional REALTOR® Association President. “June’s housing data is a strong indication of what the rest of the year will look like – we can expect to continue to see more inventory and great prices for homes, which is good news for buyers and sellers.”

Market Snapshot

  • Interest rates increased from 6.6% in May to 6.7% in June. This is 20.6% higher than June 2022 when interest rates were 5.5%.
  • Pending sales fell, with 4,304 in May and 3,964 in June.
  • 28 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in June. That represents a 33.3% increase from May, when 21 distressed homes sold. 

 Mortgage Rates

mortgage rates June 2023


  • Orlando area inventory increased 5.8% from May to June. Inventory in May 2023 was 5,149 and inventory in June was 5,450.
  • The supply of homes increased to 1.74 months in June, up 6.7% from 1.63 months in May. A balanced market is six months of supply. 
  • The number of new listings increased from May to June by 7.1% – from 3,459 homes to 3,703 homes.

Housing inventory june 2023 central florida

Year over Year Changes 

Real Estate Market Recap 6-2023

 Courtesy of Orlando Regional Realtor Association

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