Forecast: 2023 home sales, prices

ORLANDO, Fla. — Metro Orlando homes sales will fall next year as prices tick up, Realtor.com forecasts.


Why this story matters: Residential real estate trends are important, as every home sale in the state has an estimated local economic impact of $112,500, according to the National Association of Realtors. Also, the housing market often is considered a reflection of the local economy’s overall health.

Read: Judge: Apopka can’t block affordable housing project in city’s ‘crown jewel’

The real estate listing and news site on Nov. 30 released its 2023 forecast, projecting an 8.5% year-over-year decline in metro Orlando home sales next year. Meanwhile, Realtor.com expects home prices to grow 2.9% in 2023 compared to 2022.

Click here to read the full story on the Orlando Business Journal’s website.

Read: Man arrested, accused of fatally shooting 21-year-old after argument at hookah lounge

Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.