Like what you have been reading here? Subscribe now and receive email updates of our articles.


Syndicate this blog

Most Popular

Orlando State of the Market February 2023

March 16th, 2023 by tisner

State of the Market

  • Overall sales rose 33.8% from January to February. There were 2,240 sales in February and 1,674 sales in January.
  • Overall sales in February 2023 were 30.0% lower than February 2022 when there were 3,198 sales.
  • Inventory dropped from 6,115 homes in January to 5,555 homes in February.
  • Inventory in February 2023 (5,555) was 140.2% higher compared to February 2022, when it was recorded at only 2,313 homes.
  • The median home price for February was recorded at $358,000, up from $350,000 in January. This comes after three straight months of declining median home prices.
  • February’s interest rate was recorded at 6.4%, up from 6.1% in January.
  • Homes spent an average of 62 days on the market (DOM) in February, up from 57 days in January. This is a 106.7% increase compared to February 2022 when homes spent an average of 30 days on the market.
  • New listings decreased slightly from January to February, with 2,820 new homes on the market in February, compared to 2,911 in January.
  • “In February, we saw a spike in sales due to closings that started during the holiday season. After the New Year, we tend to see those contracts close as home buying and selling activity rises,” said Lisa Hill, Orlando Regional REALTOR® Association President. “The Orlando housing market continues to look positive as we look ahead to a strong spring selling season.”

Market Snapshot

  • Interest rates increased from 6.1% in January to 6.4% in February. This is 64.5% higher than February 2022 when interest rates were 3.9%.
  • Pending sales increased by 21.2%, from 3,453 in January to 4,184 in February.
  • 22 distressed homes (bank-owned properties and short sales) accounted for 1.0% of all home sales in February. That represents a 57.1% increase from January, when 14 distressed homes sold.


  • Orlando area inventory decreased by 9.2% from January to February – from 6,115 homes to 5,555 homes. Inventory in February 2023 was 140.2% higher than in February 2022, when inventory reached a record low.
  • The supply of homes decreased to 2.48 months in February, down from 3.65 months in January. A balanced market is six months of supply.
  • The number of new listings decreased from January to February by 3.1% – from 2,911 homes to 2,820 homes.

ORRA’s full State of the Market Report for February can be found here.

Access Teri’s one-stop Orlando FL home search website.Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.


Google+ Comments

Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
1170 Celebration Blvd
Suite 200
Celebration, Fl 34747

This site is proudly sponsored by Orlando FL Real Estate Kissimmee and Celebration
Copyright © 2008 Orlando FL Real Estate Kissimmee and Celebration | All Rights Reserved. Sitemap