The Orlando real estate market in November 2024 is experiencing significant changes that could impact investors and buyers. Between November 3rd and 9th, the sector saw fluctuations in sales, prices, and property availability, as data from the Orlando Regional REALTOR® AssociationIn this article, we analyze the key figures and what they mean for those looking to invest in one of the most sought-after cities in the United States.
Orlando Real Estate Market Highlights for November 2024 – First Week Data
Check out the main data for the Orlando real estate market for the week of November 3-9, 2024:
- Single-Family Homes:
- Sales: Reduction from 493 to 329 units.
- Median Price: Growth of 1.2%, reaching $420,000.
- Inventory: Increase of 141 units, totaling 7,819 properties.
- Condominiums, Townhomes and Villages:
- Sales: Drop from 132 to 98 units.
- Median Price: Decrease of 4.6%, reaching $260,000.
- Inventory: Increase of 57 units, totaling 3,792 properties.
These numbers indicate a slowdown in sales, accompanied by a greater supply of properties on the market.
General Analysis: Declining sales and rising inventory suggest a unique opportunity for investors.
With more competitive prices, especially for condominiums, it's the ideal time to explore investment options, such as vacation rentals, which continue to be in high demand due to Orlando's constant tourist demand.
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