Central Florida Real Estate Recap of January 2025

State of the Market

• New listings spiked 68.1% from December to January, with 4,220 new homes on the market in January, compared to 2,510 in December.
• Inventory for January was recorded at 11,697, up 16.4% from December when inventory was recorded at 10,049.
  
  • This is the highest inventory since July 2015.
• Pending sales rose by 24.8%, with 2,661 in December and 3,320 in January.
• The median home price for January was recorded at $375,000, down from $380,000 in December.
• January’s interest rate was recorded at 6.8%, up from 6.5% in December.
• Homes spent an average of 74 days on the market (DOM) in January – up from 68 in December.
• Overall sales decreased by 29.7% from December to January. There were 2,154 sales in December and 1,514 sales in January.
• “Sales slowed in January coming off of the holidays, which is typical for this time of year. More notably, though, new listings and pending sales rose as people kicked off the year by entering the market,” said Lawrence Bellido, president of the Orlando Regional REALTOR® Association. “Higher inventory is exactly what buyers have been waiting for, and with more homes to choose from, now is a perfect time for people to make their homebuying dreams a reality. Sellers today will need to make sure their homes are market ready and be realistic with pricing to set themselves apart.”

Market Snapshot

• Interest rates rose from 6.5% in December to 6.8% in January.
• Pending sales rose 24.8%, with 2,661 in December and 3,320 in January.
• 18 distressed homes (bank-owned properties and short sales) accounted for 1.2% of all home sales in January. This is a 5.9% increase from December, when 17 distressed homes sold. 

Inventory

• Orlando area inventory rose 16.4% from December to January. Inventory in December was 10,049, and inventory in January was 11,697.
• The supply of homes rose to 7.73 months in January, up 65.5% from 4.67 months in December. A balanced market is six months of supply.
  
  • This is the highest supply of homes since November 2010.
• The number of new listings increased from December to January by 68.1% – from 2,510 homes to 4,220 homes.

Year over Year Changes 

 Courtesy of Orlando Regional Realtor Association

Homes for Sale in Davenport FL

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2025 St George Drive, DAVENPORT

1 Bed 1 Bath 481 SqFt Residential MLS® # O6258334

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128 Red Maple Pass, DAVENPORT

2 Beds 2 Baths 1,380 SqFt Residential MLS® # O6254625

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