orlando 01/2025 market update

by Carlos Perez

As of December 2024, the Orlando housing market exhibits signs of stabilization with a slight decrease in home prices and a moderate level of competitiveness. The median sale price for homes in Orlando was $389,000, reflecting a 0.26% decrease compared to the same period in the previous year. Homes in the area received an average of two offers and sold in approximately 51 days, indicating a somewhat competitive market. The Orlando Regional REALTOR® Association (ORRA) reported that the supply of homes in Central Florida rose to 6.43 months in November 2024, up from 5.45 months in October. This increase signifies a balanced market, as a six-month supply is generally considered equilibrium between buyers and sellers. Notably, this is the first time since February 2011 that the market has achieved such balance. ORLANDO REALTORS Despite the balanced inventory, the market has experienced a slowdown in sales. Overall sales decreased by 13.4% from October to November 2024, with 2,085 sales in October and 1,805 sales in November. Additionally, homes spent an average of 67 days on the market in November, up from 60 days in October, suggesting a more deliberate pace in buyer decision-making. ORLANDO REALTORS In summary, the Orlando housing market as of December 2024 is characterized by a slight decline in home prices, a balanced inventory, and a moderate level of competitiveness. These trends suggest a stabilization in the market, offering potential opportunities for both buyers and sellers in the region. Sources

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