Orlando, Florida Home Sales – September 2024

Orlando, Florida Home Sales

A total of 2,249 homes were sold during the month of September 2024. That is 12% less than the 2,792 sales in September 2023. Overall sales rose 15% from August to September. There were 2,249 sales in September, up from 2,655 sales in August.

Median Home Price

The median home price for September was recorded at $380,000, down from $384,500 in August.

Inventory of Homes for Sale

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 that 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.

Lower interest rates and rising inventory levels are setting the stage for a balanced Orlando housing market as we enter Q4. With the Federal Reserve’s recent interest rate cuts and a significant increase in available homes, many buyers who have been waiting on the sidelines are now finding opportunities to achieve the American dream of homeownership.

Average 30-Year Mortgage

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.
 
You can see today’s mortgage rates for Florida and your city on Realtor.com’s mortgage rates page.

ORRA’s Complete Market Report

The current edition of ORRA’s State of the Market Report has the complete data for the most recent 13 months. They have editions posted going back 5 years. 

Prior Months' Sales Reports