Found 1 blog entry tagged as State of the Real Estate Market.

October’s median home price was $325,000. This is an increase after a slight drop in September to $318,000.

 

 

October 2021 Recap

State of the Market

  • October’s median home price was recorded at $325,000, increasing once again after a slight drop in September to $318,000. Orlando saw a 10-month steady increase in the median home price prior to September when the record high hit $320,000 in July (maintained in August).
  • Overall sales in October dropped by 0.77%, with a total of 3,760 sales.
  • Homes spent an average of 27 days on the market in October, the same amount as September 2021.
  • Inventory dropped for the first time in six months, decreasing by 7.12% from September to October, for a total of 3,406 homes…

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