Central Florida Real Estate Recap of February 2025

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


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…

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Central Florida Real Estate Recap of January 2025

Sales slowed in January coming off of the holidays, which is typical for this time of year

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…

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Central Florida Real Estate Recap of December 2024

2024 data reveals that demand for homes held strong as inventory rose and buyers adjusted to higher interest rates

2024 Annual Market Recap

(Cumulative 2024 totals compared to cumulative 2023 totals)

  • The overall median home price in 2024 was recorded at $385,000, an all-time high and increase of 3.9% compared to 2023 when the overall median home price was recorded at $370,500.
    • 2023 previously held the record for highest overall median home price.
    • For further comparison, the overall median home price in 2022 was $365,000.
  • Overall sales in 2024 decreased by 7.1% with a total of 28,321 sales. Overall sales in 2023 were recorded at 30,499.
      …

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Central Florida Real Estate Recap of November 2024

The Orlando Real Estate Market is considered 'Balanced' for the first time since 2011. 

State of the Market

  • The supply of homes in Central Florida rose to 6.43 months in November, up from 5.45 months in October. A balanced market is six months of supply.
    • February 2011 was the last time there was a six-month supply of homes.
  • Inventory for November was recorded at 11,604, up 2.2% from October when inventory was recorded at 11,357.
  • November’s interest rate was recorded at 6.7%, up from 6.4% in October.
  • The median home price for November was recorded at $380,000, down from $388,990 in October.
  • Homes spent an average of 67 days on the market…

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Central Florida Real Estate Recap of October 2024

Orlando saw a Drop in the nine-month streak of rising inventory in October, even as interest rates rose back into the 6.0s

State of the Market

  • Inventory for October was recorded at 11,357, down 1.8% from September when inventory was recorded at 11,560. This breaks a nine-month streak of rising inventory.
    • Inventory in October 2024 was still 45.4% higher than in October 2023.
  • October’s interest rate was recorded at 6.4%, up from 5.9% in September.
  • The median home price for October was recorded at $388,990, up from $380,000 in September.
  • Homes spent an average of 60 days on the market (DOM) in October – up slightly from 58 in September.
  • …

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Why Davenport Is Becoming a Popular Spot for Vacation Rentals

Why Davenport Is Becoming a Popular Spot for Vacation Rentals

Davenport, Florida, is quickly making a name for itself as one of the most desirable locations for vacation rentals. Situated in the heart of Central Florida, this charming town offers the perfect blend of convenience, affordability, and natural beauty. For those looking for a quiet escape close to world-renowned attractions, Davenport is the ideal choice. It’s no wonder more families, travelers, and investors are turning their attention to this hidden gem. Let’s dive into the reasons why Davenport is becoming such a popular spot for vacation rentals and why you should consider it for your next trip—or investment!

Check Out Vacation Homes for Sale in Davenport, FL

Prime Location…

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Central Florida Real Estate Recap of September 2024

Lower interest rates and rising inventory levels are setting the stage for a balanced Orlando housing market as we head through fall

State of the Market

  • Inventory for September was recorded at 11,560, up 0.4% from August when inventory was recorded at 11,511. This is the ninth month in a row inventory has risen. The last time inventory was this high was September 2015.
    • Inventory in September 2024 was 71.1% higher than in September 2023.
  • September’s interest rate was recorded at 5.9%, down from 6.1% in August. This is the lowest interest rates have been since August 2022.
  • Homes spent an average of 58 days on the market (DOM) in September – up…

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Central Florida Real Estate Recap of August 2024

August’s interest rate was the lowest that interest rates have been since August 2022

State of the Market

  • August’s interest rate was recorded at 6.1%, down from 6.6% in July. This is the lowest interest rates have been since August 2022.
  • Homes spent an average of 57 days on the market (DOM) in August – up from 55 in July.
    • In August 2023, homes spent an average of 41 days on the market.
  • Inventory for August was recorded at 11,511, up 3.2% from July when inventory was recorded at 11,158. This is the eighth month in a row inventory has risen. The last time inventory was this high was September 2015.
    • Inventory in August 2024 was 88.2% higher than in August 2023.
      • …

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Central Florida Real Estate Recap of July 2024

July represented another strong month in the housing market as many families worked to squeeze in their moves before the start of the new school year

State of the Market

  • July’s interest rate was recorded at 6.6%, down from 6.7% in June.
    • In ORRA’s new survey of Orlando REALTORS, 52% of respondents cited interest rates as the top challenge for buyers, causing some buyers to wait out purchasing homes right now or look at lower price points.
  • The median home price for July was recorded at $390,000, down from $395,000 in June. June was the highest monthly median home price on record in the Orlando area.
    • Home prices were cited as the second biggest…

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Central Florida Real Estate Recap of June 2024

June 2024 had the Highest monthly median home price on record in the Orlando area

State of the Market

  • The median home price for June was recorded at $395,000, up from $385,000 in May. This is the highest monthly median home price on record in the Orlando area. This is the second time in 2024 the record has been broken.
  • Inventory for June was recorded at 10,796, up 5.0% from May when inventory was recorded at 10,282. This is the sixth month in a row inventory has risen. The last time inventory was this high was November 2015.
  • Overall sales fell 10.6% from May to June. There were 2,601 sales in June, down from 2,909 sales in May. This breaks a four-month…

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