A quick market update and year-over-year statistical comparison.

As we’re getting started in 2023, we want to take a look back at our latest market statistics and compare November 2021 to November 2022.


Inventory in the central Florida area has increased dramatically. In 2021, our inventory was at 0.83 months. In November 2022, we were up to 3.61 months, an increase of 333%. This increased inventory means that we’ll see longer days on market. 


In November 2021, the average days on market was 28 days. In November 2022, the average days on market was 43 days. If you’re looking to sell in 2023, understand that your house will likely sit on the market a little longer. However, the good news is that home prices are still increasing. Our average price rose by 12% over the last year to over $424,000. It's still a great seller's market. 


If you're looking to buy, sell, or invest in 2023, give us a call. We're happy to help.