News Summary
Orlando’s real estate market has recorded a decline in new listings and total sales from May to June, with new listings dropping by 8.4%. Although home prices remained stable at $390,000 and interest rates slightly decreased to 6.7%, the overall sales also dipped by 1.5%. Experts suggest a need for sellers to price homes realistically to avoid delisting. Meanwhile, single-family home sales decreased significantly, while the market for condominiums witnessed a notable surge. This trend reflects broader urban market conditions and ongoing economic adjustments.
Orlando has reported a decrease in new real estate listings and total sales from May to June 2025, amidst stable home prices and a slight drop in interest rates. New listings in June fell by 8.4%, with 3,854 homes entering the market compared to 4,208 in May. Additionally, overall sales dipped by 1.5%, dropping from 2,551 in May to 2,513 in June.
The median home price in Orlando remained unchanged at $390,000. Concurrently, interest rates experienced a slight reduction from 6.8% to 6.7%. This situation led experts to analyze the implications on the local housing market.
Lawrence Bellido, president of the Orlando Regional REALTOR® Association, noted various factors could cause sellers to delist their properties. He emphasized the importance of pricing homes realistically from the outset to avoid potential delisting.
In June, the Orlando area saw its home inventory decrease by 1.2%, with 13,793 homes available, down from 13,957 in May. This decline in inventory, coupled with a slight increase in the supply of homes available to buyers, which reached 5.49 months, indicates that the market is approaching a balanced state, typically characterized by about six months of available inventory.
The sales of single-family homes saw a significant decline, totaling 1,979 units sold in June, reflecting a 4.2% drop from May’s figure of 2,066. The median price for single-family homes was reported at $429,000. In contrast, the market for condominiums showed a strong upward trend, with a 17.6% increase in sales, translating to 281 units sold in June compared to 239 in May. The median price for condos stood at $195,000.
Additionally, sales of townhouses and villas also saw a slight increase, totaling 253 units sold in June, up from 246 in May. The median price for these properties was reported at $335,000.
On a different note, distressed home sales, encompassing bank-owned properties and short sales, represented 1.0% of all sales, with 26 homes sold in June. This figure shows an 18.2% increase compared to sales in May.
Economic observers suggest the Orlando real estate market is currently undergoing an adjustment period, highlighted by the decrease in new listings and total sales. However, home prices and interest rates appear to maintain their stability. As inventory levels rise, it is recommended that sellers set realistic prices on their properties to avoid potential delistings.
This market activity reflects broader trends seen in many urban areas, where fluctuating listings and sales need to be navigated carefully by both buyers and sellers. The performance of the Orlando real estate market will likely be influenced by economic conditions and buyer sentiment in the months to come.
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Additional Resources
- MyNews13: Prices Stabilize as Orlando Housing Inventory Grows
- Google Search: Orlando Housing Market
- Norada Real Estate: Florida Housing Market Predictions
- Wikipedia: Housing Market
- Orlando Magazine: Orlando’s Premier Real Estate Professionals
- Google News: Florida Housing Market
- Click Orlando: Prices in Orlando Housing Market Reach All-Time Highs
- Encyclopedia Britannica: Real Estate
- WFTV: Central Florida Housing Market Sees Highest Inventory Spike
- Google Scholar: Orlando Real Estate
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.
