Central Florida Real Estate Market Recap of August 2022
This is the second month in a row that the median home price has fallen with the median price recorded at $377,500
August 2022 Recap
State of the Market
- The median home price for August 2022 was recorded at $377,750, a slight decrease of 0.8% compared to July’s median home price, $380,900. This is the second month in a row that the median home price has fallen.
- Inventory rose 3.7% in August, from 6,518 to 6,762. This is the fourth straight month of inventory increases.
- Homes spent an average of 27 days on the market in August, jumping 28.6% from July when the average was 21 days.
- Interest rates remained relatively flat – 4% in July vs. 5.3% in…
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