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Orlando, Florida Home Sales A total of 1,805 homes were sold during the month of November 2024. That is 9% less than the 1,996 sales in November 2023. There were 1,805 sales in November, down 13.4% from 2,085 sales in October. Median Home Price The median home price for November was recorded at $380,000, down from $388,990 in October. Inventory of Homes for Sale Inventory for November was recorded at 11,604, up 2.2% from October when inventory was recorded at 11,357. The market slowly settled over the last 12 months, and we now have what we consider a ‘balanced market’ for the first time in many years. As it nears the end of 2024, expect sales to cool as families focus on the holiday season, then ramp back up as we move toward springtime. Now is the perfect time to connect with local REALTOR® to discuss real estate goals for 2025. Start planning to take advantage of this balanced market’s exciting opportunities for buying or selling in the year ahead. Average 30-Year Mortgage November’s interest rate was recorded at 6.7%, up from 6.4% in October You can see today’s mortgage rates for Florida and your city on Realtor.com’s mortgage rates

Orlando, Florida Home Sales A total of 2,085 homes were sold during the month of October 2024. That is 14% less than the 2,429 sales in October 2023. There were 2,085 sales in October, down 7.3% from 2,249 sales in September. Median Home Price The median home price for October was recorded at $388,990, up from $380,000 in September. Inventory of Homes for Sale 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 The end of a nine-month inventory increase in October as interest rates rose back into the 6.0s, While inventory has shifted, this still represents a significant improvement compared to last year, offering more opportunities for buyers. With the holidays approaching, we typically see a market cooldown, but it will be exciting to see how the rest of the year unfolds. Additionally, with the election period now over, its impact on market conditions will also be interesting to follow. Average 30-Year Mortgage October’s interest rate was recorded at 6.4%, up from 5.9% in September. You can see today’s mortgage rates

 Orlando, Florida Home Sales A total of 2,249 homes were sold during the month of September 2024. That is 12% less than the 2,558 sales in September 2023. There were 2,249 sales in September, down 15.3% 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