Central Florida Real Estate Recap of April 2024

New Orlando Regional REALTOR® Association data shows record-high median home price in Central Florida.

State of the Market

  • The median home price for April was recorded at $388,500, up from $386,500 in March. This is the highest monthly median home price on record in the Orlando area.
  • Overall sales rose 7.8% from March to April. There were 2,759 sales in April, up from 2,559 sales in March. This is the third month in a row that sales have risen.
  • April’s interest rate was recorded at 6.9%, up slightly from 6.7% in March. This is the third month in a row that interest rates have risen.
  • Inventory for April was recorded at 9,376, up 4.5% from March when…

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Central Florida Real Estate Recap of March 2024

New Orlando Regional REALTOR® Association data shows spike in listings kicking off the new year.

State of the Market

  • Overall sales rose 17.7% from February to March. There were 2,559 sales in March, up from 2,174 sales in February.
  • The median home price for March was recorded at $386,500, up from $377,000 in February. The highest monthly median home price on record in the Orlando area was $387,000 in June 2022.
  • Pending sales increased by 9.4%, with 3,891 in February and 4,257 in March.
  • New listings rose 8.6% from February to March, with 4,124 new homes on the market in March, compared to 3,799 in February.
  • Inventory for March was recorded at 8,971, up…

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Online Marketing Strategies for Selling Your Home in Florida

The Florida real estate market is a vibrant and competitive landscape, where capturing the attention of potential buyers is essential for a successful sale. As the industry shifts towards digital platforms, the role of online marketing has become crucial for sellers. A robust online presence is often a strong sign that a house will sell. 

This guide offers a deeper exploration into effective online marketing strategies, delivering practical tips to amplify your home's online visibility and attract potential buyers.

1. Using High-Quality Visuals in Marketing Your Home Online

Visuals play a critical role in online marketing, serving as the first impression of your home to potential…

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Central Florida Real Estate Recap of February 2024

New Orlando Regional REALTOR® Association data shows a Rise in the Median Home price.

State of the Market

  • Overall sales rose 26.5% from January to February. There were 2,174 sales in February, up from 1,719 sales in January. This comes after eight months of falling sales.
  • The median home price for February was recorded at $377,000, up from $360,000 in January. This comes after three months of falling median home price.
  • Pending sales increased by 17.8%, with 3,303 in January and 3,891 in February.
  • New listings rose 7.8% from January to February, with 3,799 new homes on the market in February, compared to 3,524 in January.
  • Inventory for February was…

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Central Florida Real Estate Recap of January 2024

New Orlando Regional REALTOR® Association data shows spike in listings kicking off the new year.

State of the Market

  • New listings rose 46.3% from December to January, with 3,524 new homes on the market in January, compared to 2,409 in December.
  • Inventory for January was recorded at 8,217, up 4.8% from December when inventory was recorded at 7,838.
  • The median home price for January was recorded at $360,000, down from $367,250 in December. This is the third month in a row that median price fell. Median price has dropped $17,000 since October 2023.
  • January’s interest rate was recorded at 6.5%, down slightly from 6.6% in December. This is the third month…

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Central Florida Real Estate Recap of December 2023

Interest rates fell near the end of 2023, which enticed buyers who were waiting on the sidelines..

 

2023 Annual Market Recap

(Cumulative 2023 totals compared to cumulative 2022 totals)

  • The overall median home price in 2023 was recorded at $370,500, an all-time high and a slight increase of 1.5% compared to 2022 when the overall median home price was recorded at $365,000.
  • Overall sales in 2023 decreased by 20.1% with a total of 30,499 sales. Overall sales in 2022 were recorded at 38,162.
    • Single family home sales decreased in 2023 by 19.6% for a total of 22,530 sales compared to 28,022 sales in 2022.
    • Condo sales decreased in 2023 by 22.5% for a…

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Central Florida Real Estate Recap of October 2023

New Orlando Regional REALTOR® Association data shows inventory spikes as interest rates reach new heights.

October 2023 Recap

State of the Market

  • October’s interest rate was recorded at 7.8%, up from 7.3% in September. This is the highest interest rate in the Orlando area since April 2001.
  • Inventory for October was recorded at 7,813, up 15.6% from September when inventory was recorded at 6,758. This is the seventh month in a row inventory has risen and the largest monthly percentage increase in 2023 so far.
  • Overall sales fell 5.0% from September to October. There were 2,429 sales in October, down from 2,558 sales in September. This is the fifth month…

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Central Florida Real Estate Recap of September 2023

New Orlando Regional REALTOR® Association data shows rates reach highest level in over 20 years, contributing to market slowdown this fall.

September 2023 Recap

State of the Market

  • September’s interest rate was recorded at 7.3%, up from 6.6% in August. This is the highest interest rate since March 2002.
  • Inventory for September was recorded at 6,758, up 10.5% from August when inventory was recorded at 6,115. This is the sixth month in a row inventory has risen.
  • Overall sales fell 8.4% from August to September. There were 2,558 sales in September, down from 2,792 sales in August. This is the fourth month in a row that home sales have fallen.
  • The…

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Central Florida Real Estate Recap of August 2023

New Orlando Regional REALTOR® Association data shows market continues to cool as fall season approaches

August 2023 Recap

State of the Market

  • Inventory for August was recorded at 6,115, up 6.9% from July when inventory was recorded at 5,720.
  • New listings rose 6.1% from July to August, with 3,620 new homes on the market in August, compared to 3,413 in July.
  • The median home price for August was recorded at $375,000, down from $380,000 in July. This is the second month in a row that median home price has fallen.
  • Median home price in August 2023 was extremely close to August 2022, when it was recorded at $377,750.
  • Overall sales fell slightly – 2.1% – from…

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Central Florida Real Estate Recap of July 2023

New Orlando Regional REALTOR® Association data shows interest rates reach second-highest level in 20 years, impacting Orlando’s housing market

July 2023 Recap

State of the Market

  • July’s interest rate was recorded at 6.8%, up slightly from 6.7% in June. This is the second-highest interest rate in Central Florida in 20 years. October 2022 had the highest interest rate in 20 years at 7.0%
    • In ORRA’s new survey of Orlando REALTORS, 43% of respondents said that rising interest rates are the biggest challenge facing buyers, causing some buyers to wait out purchasing homes right now or look at lower price points.
  • Overall sales fell 8.7% from June to July. There…

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