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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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