Central Florida Real Estate Recap of February 2025

State of the Market

• Overall sales increased by 21.3% from January to February. There were 1,514 sales in January and 1,837 sales in February.
• Pending sales rose by 20.7%, with 3,320 in January and 4,006 in February.
• Inventory for February was recorded at 12,411, up 6.1% from January when inventory was recorded at 11,697.
  
  • This is the highest inventory since October 2014.
• The median home price for February was recorded at $385,000, up from $375,000 in January.
• February’s interest rate was recorded at 6.7%, down from 6.8% in January.
• New listings fell 1.9% from January to February, with 4,140 new homes on the market in February, compared to 4,220 in January.
• Homes spent an average of 76 days on the market (DOM) in February – up slightly from 74 in January.
• "With Orlando's housing inventory on the rise, buyers have more options, which has contributed to a recent increase in overall sales and pending sales as we approach spring,” said Lawrence Bellido, president of the Orlando Regional REALTOR® Association. “With the highest inventory we’ve had in more than a decade, now is an opportune time for buyers to take advantage of increased options, negotiate favorable terms, and find the perfect home before competition heats up.”

Market Snapshot

• Interest rates fell from 6.8% in January to 6.7% in February.
• Pending sales rose 20.7%, with 3,320 in January and 4,006 in February.
• 23 distressed homes (bank-owned properties and short sales) accounted for 1.5% of all home sales in February. This is a 1.2% increase from January, when 18 distressed homes sold. 

Inventory

• Orlando area inventory rose 6.1% from January to February. Inventory in January was 11,697, and inventory in February was 12,411.
• The supply of homes fell to 6.76 months in February, down 12.6% from 7.73 months in January. A balanced market is six months of supply.
• The number of new listings decreased from January to February by 1.9% – from 4,220 homes to 4,140 homes.

Year over Year Changes 

 Courtesy of Orlando Regional Realtor Association

Homes for Sale in Davenport FL

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$175,000

↓ $204,900

315 East Magnolia Street, DAVENPORT

5 Beds 3 Baths 2,300 SqFt Residential MLS® # O6294922

$229,000

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2025 St George Drive, DAVENPORT

1 Bed 1 Bath 481 SqFt Residential MLS® # O6258334

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