News Summary
Orlando’s housing market is undergoing notable shifts as inventory increases and home prices stabilize. Despite a small decline in median sale prices, the city remains more stable compared to other Florida cities. The population growth has intensified housing demand, although rising mortgage rates are causing reduced new listings. As the market cools, buyers are gaining negotiation power, all while Orlando’s job market experiences growth, especially in technology. Experts foresee potential price drops, urging sellers to adapt their strategies.
Orlando is witnessing a crucial shift in its housing market as the inventory of homes for sale has increased significantly and prices are stabilizing in 2025. The median sale price of homes in Orlando was reported at $403,500 in June 2025, representing a 0.4% decline from the previous year. This decline is part of a broader trend of price correction across Florida cities, but Orlando’s market remains comparatively stable when contrasted with the declines observed in cities like Tampa (-12.7%) and Fort Myers (-9.6%).
Surge in Population and Housing Demand
In the past year leading up to July 1, 2024, Orlando has added 76,000 new residents, pushing its total population close to 3 million. The influx of residents is attributed to the remote work culture that emerged during the pandemic, which allowed many individuals to relocate to Orlando, subsequently increasing demand for housing during a time when supply was limited.
Market Dynamics
As the housing market began to react to these changes, the median home price in Orlando jumped from $243,807 in June 2019 to $331,750 by June 2022. However, as of June 2025, the dynamics have shifted, leading to an increase in inventory. The number of available homes for sale soared by 27.8% compared to the previous year, totaling 13,793 homes listed for sale.
Currently, active homes for sale in Orlando are taking an average of 67 days on the market, up from 54 days the year before. Concurrently, closed sales decreased by 3.4% in June 2025, suggesting the market is cooling down.
Decline in New Listings and Increased Inventory
New listings in Orlando also saw a 7% decrease in June compared to the previous year. This downturn can be linked to the rising mortgage rates, which are hovering around 6-7%, alongside a slowdown in domestic migration that is affecting demand. As buyers become more cautious, the increased inventory has shifted power toward them, allowing for greater negotiation opportunities during the home buying process.
Job Market Stability
Despite the cooling housing market, Orlando’s job market remains robust, particularly within the technology sector, where 37,500 new jobs were added in the year ending December 2024. This job growth is crucial for the overall health of the Orlando economy and could further influence the housing market as employment opportunities continue to attract new residents.
Future Price Predictions
Real estate experts are forecasting that median home prices may continue to trend downwards, with predictions pointing to a potential drop into the $300,000 range in the upcoming months. In light of these changes, real estate professionals are advising sellers to employ better marketing strategies and implement smart pricing to attract prospective buyers, adapting to the current market conditions.
Conclusion
The Orlando housing market is at a pivotal juncture, characterized by increased inventory and a cooling demand, which together reflect a more balanced environment for both buyers and sellers. As the effects of these shifts continue to unfold, stakeholders in the real estate market are closely monitoring these developments to navigate the evolving landscape.
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Additional Resources
- My News 13
- Google Search: Orlando housing market
- Realtor.com
- Wikipedia: Real estate
- Fox Business
- Encyclopedia Britannica: Housing
- WFTV
- Google News: Orlando housing trends
Author: STAFF HERE ORLANDO WRITER
ORLANDO STAFF WRITER The ORLANDO STAFF WRITER represents the experienced team at HEREOrlando.com, your go-to source for actionable local news and information in Orlando, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Orlando International Fringe Theatre Festival, Megacon Orlando, and Central Florida Fair. Our coverage extends to key organizations like the Orlando Economic Partnership and Hispanic Chamber of Commerce Metro Orlando, plus leading businesses in leisure and hospitality that power the local economy such as Walt Disney World Resort, AdventHealth, and Universal Orlando. As part of the broader HERE network, including HEREJacksonville.com, HEREPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
