Orlando, Florida Home Sales
A total of 1,514 homes were sold during the month of January 2025. That is 11% less than the 1,719 sales in January 2024. There were 1,514 sales in January 2025, down 29.7% from 2,154 sales in December 2024.
Median Home Price
The median home price for January was recorded at $375,000, reflecting a slight decrease from $380,000 in December. This decline of $5,000 represents a 1.3% drop month-over-month, indicating a potential cooling in the housing market. The price adjustment could be attributed to seasonal trends, shifts in buyer demand, or broader economic factors affecting affordability and market conditions.
Inventory of Homes for Sale
Inventory for January was recorded at 11,697 homes, marking a 16.4% increase from December’s inventory of 10,049. This surge in available homes signals a growing supply in the market, potentially giving buyers more options and leverage in negotiations. Notably, this is the highest inventory level recorded since July 2015, highlighting a significant shift in market dynamics.
Meanwhile, the average interest rate for January stood at 6.8%, rising from 6.5% in December. This uptick in mortgage rates may impact affordability for prospective buyers, potentially influencing demand and overall market activity. As borrowing costs increase, some buyers may reassess their purchasing power, which could, in turn, contribute to the rising inventory levels
Sales slowed in January coming off of the holidays, which is typical for this time of year. More notably, though, new listings and pending sales rose as people kicked off the year by entering the market. Higher inventory is what buyers have been waiting for, and with more homes to choose from, now is a perfect time for people to make their home-buying dreams a reality. Sellers today will need to make sure their homes are market-ready and be realistic with pricing to set themselves apart.
