Well January stats are in and the numbers are staggering. The peak up in December was quickly met with a shift. We ended January with the lowest number of homes sales since 2009. It's not all bad news though..

The New Year is well under way and we have the full picture of how the real estate market in Orlando fared in December and 2024 as a whole. The market was moving towards a buyers market since September as days on the market got longer and more listings showed up without an increase in corresponding demand. The question in my mind is this the new trend or is this just our typical seasonality during a more balanced year.

We are starting to see a clear picture of real estate in Orlando in 2024 and things have drastically shifted from the previous few years. Despite the rising inventory (about double the amount since last year) and lower than average sales all year long, the prices still went up over 3%.