Found 2 blog entries tagged as Davenport Real Estate.

Central Florida Real Estate Recap of October 2024

Orlando saw a Drop in the nine-month streak of rising inventory in October, even as interest rates rose back into the 6.0s

State of the Market

  • Inventory for October was recorded at 11,357, down 1.8% from September when inventory was recorded at 11,560. This breaks a nine-month streak of rising inventory.
    • Inventory in October 2024 was still 45.4% higher than in October 2023.
  • October’s interest rate was recorded at 6.4%, up from 5.9% in September.
  • The median home price for October was recorded at $388,990, up from $380,000 in September.
  • Homes spent an average of 60 days on the market (DOM) in October – up slightly from 58 in September.
  • …

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Central Florida Real Estate Recap of June 2024

June 2024 had the Highest monthly median home price on record in the Orlando area

State of the Market

  • The median home price for June was recorded at $395,000, up from $385,000 in May. This is the highest monthly median home price on record in the Orlando area. This is the second time in 2024 the record has been broken.
  • Inventory for June was recorded at 10,796, up 5.0% from May when inventory was recorded at 10,282. This is the sixth month in a row inventory has risen. The last time inventory was this high was November 2015.
  • Overall sales fell 10.6% from May to June. There were 2,601 sales in June, down from 2,909 sales in May. This breaks a four-month…

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