DECEMBER Home of the CLHMS
TM
ORLANDO F LO RI D A www.LuxuryHomeMarketing.com
2023
ORLANDO
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | NOVEMBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $850,000 $6,000,000+ $5,300,000 - $5,999,999 $4,600,000 - $5,299,999
$4,000,000 - $4,599,999
0
$2,500,000 - $2,999,999
Total Sales: 154
4
Balanced Market
9
1 4
20
1
44
5
60
10
62
8
$1,500,000 - $1,749,999
68
16
$1,250,000 - $1,499,999 $1,150,000 - $1,249,999 $1,050,000 - $1,149,999
$950,000 - $1,049,999 $850,000 - $949,999
1
Total Sales Ratio2: 17%
20
$2,000,000 - $2,499,999
$1,750,000 - $1,999,999
Total Inventory: 932
12
0
$3,500,000 - $3,999,999 $3,000,000 - $3,499,999
28
0
119
28
90
11 73
18
124
21
199
31
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$999,000
4
3
31
169
18%
3,000 - 3,999
$1,110,000
4
4
60
298
20%
4,000 - 4,999
$1,319,319
5
5
45
298
15%
5,000 - 5,999
$1,700,000
5
6
10
76
13%
6,000 - 6,999
$2,700,000
6
7
5
35
14%
7,000+
$3,800,000
9
9
3
56
5%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
ORLANDO
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$1,240,000 $1,075,000
$1,090,000
665
641
630
129
164
Nov-22
Dec-22
$1,157,500
$1,100,000
714
660
627
$1,200,000
Inventory
Solds
$1,118,003
$1,125,000
$1,100,000
$1,162,500
$1,194,000
746
782
840
828
821
98
140
198
184
222
249
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
$1,200,000
887
932
204
183
178
154
Aug-23
Sep-23
Oct-23
Nov-23
181
Jul-23
$1,157,000
MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY Nov. 2022
Nov. 2023
665
932 VARIANCE: 40 %
SALE PRICE PER SQFT. Nov. 2022
Nov. 2023
313
344 VARIANCE: 10 %
$
$
TOTAL SOLDS Nov. 2022
Nov. 2023
129
154 VARIANCE: 19 %
SALE TO LIST PRICE RATIO Nov. 2022
Nov. 2023
97.35% 97.28% VARIANCE: 0 %
SALES PRICE Nov. 2022
Nov. 2023
1.08m
$
$
1.20m VARIANCE: 12 %
DAYS ON MARKET Nov. 2022
Nov. 2023
28
15 VARIANCE: -46 %
ORLANDO MARKET SUMMARY | NOVEMBER 2023 • The Orlando single-family luxury market is a Balanced Market with a 17% Sales Ratio. • Homes sold for a median of 97.28% of list price in November 2023. • The most active price band is $1,050,000-$1,149,999, where the sales ratio is 25%. • The median luxury sales price for single-family homes is $1,200,000. • The median days on market for November 2023 was 15 days, down from 28 in November 2022.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
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ORLANDO
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | NOVEMBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $500,000 $1,100,000+ 1 1
$1,000,000 - $1,099,999 $900,000 - $999,999
Total Inventory: 343
$600,000 - $619,999 $580,000 - $599,999
13
0
8
1
12
2 10
1
14
2
31
2
$560,000 - $579,999
45
7
$520,000 - $539,999
1
40
9
$540,000 - $559,999
$500,000 - $519,999
Total Sales Ratio2: 13%
14
4
$640,000 - $659,999
$620,000 - $639,999
Buyer's Market
7
2
$700,000 - $799,999
$660,000 - $679,999
Total Sales: 45
9
1
$800,000 - $899,999
$680,000 - $699,999
14
4
75
6 50
3
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
NA
NA
NA
0
5
0%
1,000 - 1,499
$541,000
3
2
1
14
7%
1,500 - 1,999
$619,000
3
3
13
128
10%
2,000 - 2,499
$562,445
4
4
22
173
13%
2,500 - 2,999
$567,500
4
4
4
15
27%
3,000+
$1,350,000
3
5
5
8
63%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
ORLANDO
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$590,000 $557,000
222
$579,000
233
208
$560,000
$567,000
220
220
44
40
24
41
Nov-22
Dec-22
Jan-23
Feb-23
Inventory
Solds
$559,998
$566,500
$572,150
$565,000
$568,500
246
260
266
282
284
$570,000
324
$575,000
$549,935
343
323
70
62
81
61
49
56
46
50
45
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY Nov. 2022
Nov. 2023
222
343 VARIANCE: 55 %
SALE PRICE PER SQFT. Nov. 2022
$
Nov. 2023
279
285 VARIANCE: 2 % $
TOTAL SOLDS Nov. 2022
Nov. 2023
44
45 VARIANCE: 2 %
SALE TO LIST PRICE RATIO Nov. 2022
Nov. 2023
98.77% 98.10% VARIANCE: -1 %
SALES PRICE Nov. 2022
$
557k
Nov. 2023
575k VARIANCE: 3 % $
DAYS ON MARKET Nov. 2022
Nov. 2023
17
31 VARIANCE: 82 %
ORLANDO MARKET SUMMARY | NOVEMBER 2023 • The Orlando attached luxury market is a Buyer's Market with a 13% Sales Ratio. • Homes sold for a median of 98.10% of list price in November 2023. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 100%. • The median luxury sales price for attached homes is $575,000. • The median days on market for November 2023 was 31 days, up from 17 in November 2022.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3