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Monthly Market Update

Christina Munkberg

Christina Munkberg Bianca is the Broker, team leader, and top producer for the Munkberg Bianca Group, a Baldwin Park, Orlando-based residential real e...

Christina Munkberg Bianca is the Broker, team leader, and top producer for the Munkberg Bianca Group, a Baldwin Park, Orlando-based residential real e...

May 10 2 minutes read

Between July 2022 and February 2023, home prices across the United States declined slightly overall, with the U.S. housing market declining by 2.77%. Some markets like the Bay Area in California are seeing much bigger declines (-35% in Feb 2023 from the peak) while markets like Miami are actually increasing still (up 6.7%yoy in March 2023).

2023 stands to be another strong & steady year for sellers in Central Florida & Florida overall. Florida is the state with the highest influx of new residents which will help keep demand strong and inventory low in the near future. However, everyone should keep a close watch on whether the Fed continues to hike rates in the ensuing months along with the current regional banking crisis. If credit starts tightening substantially while the Fed sticks to a hiking cycle, then the market could start shifting to the downside even quicker.

Either way, if you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the overall market as well as your submarkets where you have a property or properties.

Our monthly market update showcases everything you need to know about local real estate trends over the last month in the Orlando & Winter Park neighborhoods overall.

May 2023 Market Update for Orlando & Winter Park

1,197

New Listings

1,719

Active Listings

928

Under Contract

983

Closed Sales


Homes Sold

97.9%

Sale-to-List Price


$459k

Average Sales Price

2

Months of Supply

42

Average Days on Market

$248

Average Price per Square Foot

Curious about how your home's value has changed?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.

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