Central Florida Real Estate Report May 2023: Seminole County

Actively Listed Single-Family Homes

Year-over-year, active listings of single-family homes has decreased by 21% from 589 in May 2022 to 467 in May 2023. The median list price has increased 5% from $449,900 in May 2022 to $473,000 in May 2023.

Month-over-month, active listings of single-family homes has decreased 14% from 541 in April 2023 to 467 in May 2023. The median list price is constant (less than 1% change) from $475,500 in April 2023 to $473,000 in May 2023.

Sales Activity Of Single-Family Homes

Year-over-year, the number of sales has decreased 8% from 439 sales in May 2022 to 402 in May 2023. The median sale price has increase 1% from $445,000 in May 2022 to $449,963 in May 2023.

Month-over-month, the number of sales has increase 11% from 363 in April 2023 to 402 in May 2023. The median sale price is up 6% from $425,000 in April 2023 to $449,963 in May 2023.

Original List Price vs Sale Price Of Single-Family Homes

In May 2023, single-family homes sold for 98.7% of their original list price. In May 2022, single-family homes sold for 102% of their original list price and April 2023 they sold for 98.5% of their original list price.

Summary

The inventory of single-family homes is down significantly year-over-year and month-over-month. The median sale price is up both year-over-year and month-over-month. Last year, single-family homes were selling, on average, 2% higher than their original list price. This year, they are selling less than 2% below their original list price.