Orlando Regional REALTOR® Association

STATE OF THE MARKET

February 2025

Year over Year Changes February 2025 February 2024 Percent Change
Inventory 12,411 8,589 44.5%
New Listings 4,140 3,799 9.0%
New Contracts 2,377 2,564 -7.3%
Total Pendings 4,006 3,891 3.0%
Closed Sales 1,837 2,174 -15.5%
Average Price $486,064 $448,291 8.4%
Median Price $385,000 $377,000 2.1%
Monthly Volume $892,899,951 $974,585,219 -8.4%
Avg Days on Market 76 57 33.3%
Avg Days to Sale 109 90 21.1%
Months of Supply 6.76 3.95 71.0%

State of the Market

“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. “Now is a great time for buyers to take advantage of the increased options, negotiate favorable terms, and find the perfect home before competition heats up.”

The median home price for February was recorded at $385,000, up from $375,000 in January.

Overall sales increased by 21.3% from January to February. There were 1,514 sales in January and 1,837 sales 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.

February's interest rate was recorded at 6.7%, down from 6.8% in January.

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.

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.

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(APR 20, 2025 - MAY 20, 2025)

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