My August video report highlights the Orlando Real Estate Market for the month of July 2022 where we saw inventory jumping up, and median home prices drop. Looks like market conditions in the Orlando Florida area are changing.
Here in Orlando, we have now seen housing inventory increases for three consecutive months. Finally, buyers have more houses to look at. But don’t worry sellers, prices aren’t dropping much. However, our Orlando market is continuing to cool off from is red hot pace and is starting to become a more balanced market. Keep a close eye on this trend as we end the summer season and move into the fall. I think you’ll see this trend too as we go through some of the numbers in this video.
To view a detailed look at Orlando’s market data, review Orlando Regional Realtor Association’s August market report (July numbers) in a pdf format by clicking the link below.
Chuck Jackson – Florida Realtor