Market Conditions

• The average home price in February was US$345,000, a 2.99% increase from January 2022, setting a new record and surpassing the December 2021 record of US$340,000. The average home price in February 2021 was $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.
• Homes spent an average of 30 days on the market in February, slightly less than in January 2022, when the average was 32.
• Inventory continued to decline in February, falling 2.77% from January 2022, for a total of 2,313 homes on the market in February.
• New listings rose 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, 2022 president of the Orlando Regional REALTOR® Association. “This is the strong start to the spring selling season that we were hoping for. We expect the housing market to remain competitive throughout the spring.”

Market Overview

• Interest rates continue to rise slightly; the average interest rate for February 2022 was 3.87%, compared to January 2022, when it stood at 3.38%.
• ORRA member real estate agents sold 3,198 homes in February 2022, a 5.44% increase from the 3,033 homes sold in January 2022. 
• 26 distressed homes (foreclosures and “short sales”) accounted for 0.81% of all home sales in February 2022. This represents a 4% increase from January 2022, when 25 distressed homes were sold.

Inventory

• Housing 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.
• Housing supply stood at nearly one month in February 2022. A balanced market has six months of supply. 
• The number of new listings in February 2022 increased by 3.13% compared to January 2022, reaching 3,686 homes.

Updated Real Estate Market Indicators

Below you can find the latest real estate market figures for 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 the 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 account for closings published after the report date.

ORRA Realtor® sales refer to sales involving members of the Orlando Regional Realtor® Association, 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.

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