Central Florida Real Estate Recap of May 2025

State of the Market

• Inventory for May was recorded at 13,957, up 4.9% from April when inventory was recorded at 13,304.
  • This is the highest inventory since January 2011.
• Overall sales increased by 3.7% from April to May. There were 2,459 sales in April and 2,551 sales in May.
• Pending sales rose 2.1%, with 4,151 in April and 4,238 in May.
• Homes spent an average of 68 days on the market (DOM) in May – down slightly from 70 in April.
• The median home price for May was recorded at $390,000, up slightly from $389,900 in April.
• May’s interest rate was recorded at 6.8%, up from 6.6% in April.
• New listings fell 6.6% from April to May, with 4,208 new homes on the market in May, compared to 4,503 in April.
• “As we head into the summer season, the Orlando housing market is gaining momentum with more homes available and steady sales activity,” said Lawrence Bellido, president of the Orlando Regional REALTOR® Association. “For buyers, the increase in inventory offers more choices and a chance to explore options that fit their needs. For sellers, it’s a signal to stay competitive—pricing and presentation matter more than ever in a market where consumers are weighing their options carefully.”

Inventory

• Orlando area inventory rose 4.9% from April to May. Inventory in April was 13,304, and inventory in May was 13,957.
• The supply of homes rose to 5.47 months in May, up 1.1% from 5.41 months in April. A balanced market is six months of supply.
  
  • In May 2024, there was only a 3.53-month supply of homes on the market.
• The number of new listings decreased from April to May by 6.6% – from 4,503 homes to 4,208 homes.

Sales Snapshot

• 2,066 single-family homes sold in May, up 5.4% from 1,960 sales in April. The median home price was $420,000.
  
  • There were 2,247 single-family homes sold in May 2024.
• 239 condos sold in May, down 8.1% from 260 sales in April. The median home price was $190,000.
  
  • There were 354 condos sold in May 2024.
• 246 townhouses/villas sold in May, up 2.9% from 239 sales in April. The median home price was $347,500.
  
  • There were 308 townhouses/villas sold in May 2024.
• 22 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in May. This is a 8.3% decrease from April, when 24 distressed homes sold.

Year over Year Changes 

 Courtesy of Orlando Regional Realtor Association

Homes for Sale in Davenport FL

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$224,000

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2025 St George Drive, DAVENPORT

1 Bed 1 Bath 481 SqFt Residential MLS® # O6258334

$249,000

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221 Prather Drive, DAVENPORT

2 Beds 2 Baths 1,415 SqFt Residential MLS® # P4933087

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