Orlando Housing Market Report - December 2021

Dated: January 19 2022

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Orlando Housing Market Report - December 2021

Here we are the third week into the New Year and it already seems like time is flying. Interest is already picking up as home shoppers try to get ahead of the Spring and Summer buying season.

New home listings fell in December 2021 to 2,797. It's typical to see a drop around this time of year due to the holiday season, so it's not unusual. Although, we did see an increase of 213 new home listings over December 2020. Hopefully this is a sign that we'll see more homes for sale in 2022.

There were 3,820 homes sold for December. This was an increase from the previous month, and the highest monthly sales since August 2021 (3,999). Sales are still outpacing new listings and existing home inventory, with homes are averaging 31 days on the market before being sold.

2,586 total homes were for sale in December, a 47% decrease from the same time last year. The limited number of homes for sale continues to drive prices upward.

The median home price in Central Florida was up to $340,000 in December, a 24% increase compared to a year ago, and 3% higher than November 2021.

The average mortgage rate for Central Florida was 3.07% in December, matching the previous 2021 high point set in March. Lending partners are currently seeing rates trending in the mid-3% range and indications are that rates will continue to rise in the short-term.

The 2022 buying season is set to kick off, and I'm seeing renewed interest in home shopping a little earlier this year. If you've been waiting to buy a home, it makes sense to start your journey soon. If you're financing with a mortgage, start talking to your preferred lenders to see where you stand so you'll be prepared when the time comes. Keep in mind that as home prices and mortgage rates rise that monthly payment does too!

Don't forget - I also work with down payment and closing cost assistance programs that can help give you that extra boost to help with your home purchase.

If I can help in any way, let me know. I'm available!

Sean Rooney, Realtor
EXP Realty LLC
407-476-1559

For more market statistics over the last 18 months, make sure to check out the December 2021 Market Pulse data here.

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Sean Rooney

Focused on Results for You! Your veteran real estate agent serving Orlando and all of Central Florida. First time home buyers, military & veterans, retirees, investors, and home sellers - I'm here fo....

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