Orlando's population is 2.5M, with a total workforce of 1.2M. The labor market grew by 76,800 jobs over the past year, up by 6.2%. The median household income in Orlando is $54,611, 4.3% higher than last year and 11.0% below the national average of $61,372. In the housing market, total permits issued totaled 25,495 over the last twelve months, up 10.3% year-over-year.
Orlando has 441 active new home projects on the market, 4.3% fewer than the 461 from last year. The average list price in the market is $334,222, 1.7% lower than last year and 4.4% above the national average. Over the last three months, new home contracts decreased by 5.7% to 3,503. Winter Garden and Kissimmee had the highest concentration of the new home contracts in the Orlando market.