Orlando, Florida Home Sales
A total of 2,154 homes were sold during the month of December 2024. That is 8% less than the 1,982 sales in December 2023. There were 2,154 sales in November, up 19.3% from 1,805 sales in November.
Median Home Price
The overall median home price in 2024 was recorded at $385,000, an all-time high and an 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.
Inventory of Homes for Sale
At the start of the year, inventory was recorded at 8,217 – 4.78 months of supply. Supply continued to rise in the following months. In November 2024, inventory was recorded at 11,604 – 6.43 months of supply. This was the first time since February 2011 that the Orlando area witnessed a balanced market.
The interest rates rose throughout 2023 from historic lows during the pandemic, and many buyers and sellers waited on the sidelines, hoping for a drop. In 2024, these buyers and sellers accepted the current rates and re-entered the market to secure a home. The market is now much more stable and balanced than in previous years. In 2025, expect sales to increase. For anyone hoping to secure a home this year, now is the time to connect with a local REALTOR® and a loan officer to make these dreams a reality.
