Central Florida Real Estate Recap of May 2024
Posted by Florida Realty Marketplace on
Central Florida Real Estate Recap of May 2024
Inventory surpasses 10,000 homes for first time since 2016
State of the Market
- Inventory for May was recorded at 10,282, up 9.7% from April when inventory was recorded at 9,376. This is the fifth month in a row inventory has risen. The last time inventory was this high was September 2016.
- Inventory was 99.7% higher than May 2023.
- Overall sales rose 5.4% from April to May. There were 2,909 sales in May, up from 2,759 sales in April. This is the fourth month in a row that sales have risen.
- The median home price for May was recorded at $385,000, down from $388,500 in April. April was the highest monthly median home price on record in the Orlando…
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