Brandon Chestnut - Realtor

Orlando Market Update!📈

Stay in the know with a weekly snapshot of key market indicators. Stay updated on the pulse of the market with our quick summary of the previous week.

Single-family homes
▪️Sales of single-family homes decreased to 373 during the week of August 04, from 555 the week prior
▪️The median price of single family homes decreased to $440,000 a change of -2.2%
▪️The number of single-family home foreclosure transactions increased to 2 from 1 the week prior
▪️The number of single-family short-sale transactions remains constant at 0
▪️Single-family inventory increased by 67, and now sits at 7,234.

Condos, townhomes, and villas
▪️Sales of condos, townhomes, and villas decreased to 109 during the week of August 04, from 126 the week prior
▪️The median price of condos, townhomes, and villas increased to $303,000 a change of 1.0%
▪️The number of condo, townhome, and villa foreclosure transactions remains constant at 0
▪️The number of condo, townhome and villa short-sale transactions remains constant at 0
▪️Condo inventory remains constant at 3,574.

Source:
www.orlandorealtors.org

🌟 With growing inventory and rising prices, you have a greater selection of luxury homes to choose from and an incredible opportunity in front of you! 🏡✨

Want to see the higher-end homes available in our area? Connect with MavRealty today and explore the possibilities.

📈🏡 The Supply of Homes for Sale Is Growing! 🏡📈

One of the most significant market shifts this year is the increasing months' supply of homes for sale. According to the National Association of Realtors (NAR), inventory has grown throughout 2024 (see graph). This upward trend means a better chance of finding a home that suits your needs and preferences.

If you’ve been putting off your home search due to limited options, now is the time to dive back in.