Market situation

• The average sale price in April was recorded at US$370,000, an increase of 2.5% compared to US$361,000 in March 2022; this sets a new record for the third month in a row.
• Interest rates increased by 17.6%, from 4.2% in March 2022 to 4.9% in April 2022. This is an increase of 66% compared to April 2021, when interest rates were at 3%.
• Overall sales in April decreased by 7.3%, with a total of 3,800 sales compared to 4,100 sales in March 2022. This represents a 7% decrease compared to April 2021, when overall sales were recorded at 4,081.
• Homes stayed on the market for an average of 24 days in April, a drop of 11.1% compared to March 2022, when the average was 27.
• Inventory increased by 7.7% in April compared to March 2022 to a total of 2,670 homes on the market in April.
• New listings decreased by 0.5% from March 2022 to April 2022, with a total of 4,354 new homes on the market in April.

"As interest rates continue to rise, it indicates that the Orlando market may be starting to cool," says Tansey Soderstrom, president of the Orlando Regional REALTOR® Association. "With interest rates rising, it will be more challenging for some buyers, as monthly payments will also be higher. However, overall demand remains strong and homes continue to sell quickly."

Market overview

• Interest rates continue to rise, with the average interest rate for April 2022 recorded at 4.9%, compared to March 2022 when it was 4.2%.
• Pending sales increased by 1.7% from March 2022 to April 2022, totaling 5,041 pending sales.
• 23 distressed homes (properties taken over by banks and short sales) accounted for 0.6% of all sales in April 2022. This represents a drop of 14.8% compared to March 2022, when 27 distressed homes were sold.

Stock

• Orlando area inventory increased 7.7% from March 2022 to April 2022, from 2,478 homes to 2,670 homes. Inventory in April 2022 was 1% higher than in April 2021.
• The stock of homes remained at almost one month in April 2022. A balanced market is six months' supply.
• The number of new listings fell in April 2022 compared to March 2022 by 0.5% to 4,354 homes.

The full State of the Market report published by ORRA can be found here.

Updated real estate market indicators

Below you can see up-to-date figures on the real estate market in Orlando and the surrounding area.

-‍

This representation is based in whole or in part on data provided by the Orlando Regional Realtor® Association and Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. The data maintained by the association or StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record closings published after the date of the report.

ORRA Realtor® sales represent sales involving Orlando Regional Realtor® Association members, who are primarily - but not exclusively - located in Orange and Seminole counties. Please note that the statistics released each month may be revised in the future as new data is received.

Orlando MSA figures reflect sales of homes located in Orange, Seminole, Osceola and Lake counties by members of any Realtor® association, not just ORRA members.