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Written by:

Andrea Pointon

Real estate activity in Orlando - February 2022

Market situation

  • February's average home price was recorded at US$345,000, an increase of 2.99% compared to January 2022 and setting a new record, surpassing the December 2021 record of US$340,000. The average house price in February 2021 was US$280,000.
  • Overall sales in February increased by 5.44%, with a total of 3,198 sales compared to 3,033 sales in January 2022.
  • Houses stayed on the market for an average of 30 days in February, slightly down on January 2022, when the average was 32.
  • Inventory continued to fall in February, decreasing by 2.77% compared to January 2022, to a total of 2,313 homes on the market in February.
  • New listings increased by 3.13% from January 2022 to February 2022, with a total of 3,686 new homes on the market in February.
  • "In February, we saw an overall increase in sales, pending sales and new listings in Central Florida," says Tansey Soderstrom, president of the 2022 Orlando Regional REALTOR® Association. "This is the strong start to the spring selling season that we expected. We anticipate the real estate market to remain competitive throughout the spring."

Market overview

  • Interest rates continue to rise slightly, with the average interest rate for February 2022 recorded at 3.87%, compared to January 2022 when it was at 3.38%.
  • ORRA member brokers sold 3,198 homes in February 2022, an increase of 5.44% on the 3,033 homes sold in January 2022. 
  • 26 distressed homes (properties taken over and "short sales") accounted for 0.81% of all home sales in February 2022. This represents an increase of 4% compared to January 2022, when 25 distressed homes were sold.

Stock

  • Inventory in the Orlando area decreased by 2.77% from January 2022 to February 2022, from 2,379 homes to 2,313 homes. Inventory in February 2022 was 32% lower than in February 2021.
  • The supply of homes remained at almost one month in February 2022. A balanced market is six months of supply. 
  • The number of new listings increased in February 2022 compared to January 2022 by 3.13% to 3,686 homes.

Updated real estate market indicators

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

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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.