News Summary
The Orlando real estate market is experiencing a cooling trend, with new listings and overall sales declining from May to June. New listings dropped by 8.4%, reflecting a total inventory decline. While overall sales decreased by 1.5%, the median home price remained stable at $390,000. Despite these fluctuations, certain property types like condominiums and townhouses showed growth. Market experts view the current situation as a potential downward trend in home prices, urging sellers to adopt realistic pricing strategies to attract buyers.
Orlando – The Orlando real estate market has witnessed notable fluctuations in both sales and listings as it experiences a cooling trend. Between May and June 2025, the market reported a decrease in new listings and overall sales, indicating changing dynamics for buyers and sellers alike.
New listings in the Orlando area saw an 8.4% drop from May, falling from 4,208 properties to 3,854 properties in June. This reduction contributed to a total inventory decline of 1.2%, with active listings down to 13,793 in June compared to 13,957 in May. Overall sales also diminished by 1.5%, resulting in 2,513 homes sold in June, down from 2,551 in the previous month. Additionally, pending sales exhibited a more significant decline of 6.2%, totaling 3,976 in June.
Despite the drop in sales, the median home price in Orlando remained stable at $390,000 from May to June. The average interest rate slightly decreased to 6.7% in June from 6.8% in May, potentially influencing buyers’ purchasing decisions. The time homes spent on the market also experienced a slight decline, averaging 67 days in June compared to 68 days in May.
When analyzing individual property types, the market displayed varying trends. Single-family home sales fell by 4.2%, with 1,979 units sold and a median price of $429,000. In contrast, condominium sales surged by 17.6%, as 281 units changed hands at a median price of $195,000. Sales of townhouses and villas also showed an upward movement, increasing by 2.8% to 253 units sold with a median price of $335,000.
Distressed sales, which include foreclosures and short sales, represented a small segment of the market, accounting for just 1% of total transactions, or 26 homes sold. However, this reflects an 18.2% increase from May as buyers begin to take advantage of lower-priced distressed properties.
The current trends in the Orlando real estate market indicate a tightening inventory situation, now nearing a more balanced environment with a supply period of 5.49 months. Market experts recognize the importance of pricing homes realistically to avoid delisting, especially considering a national surge of 47% in delistings. As sellers are seeing longer days on the market, they are encouraged to engage in negotiations amid lower demand and increased supply.
More inventory is available in Orlando compared to the previous year, with the market showing signs of surpassing 14,000 homes for sale. This availability allows buyers greater options; many are reported to be viewing an average of over 30 homes in just two days.
Looking ahead, the prevailing market conditions suggest the potential for a downward trend in home prices, a position supported by various real estate professionals. There is a growing emphasis on the need for competitive pricing and negotiation strategies among sellers to attract potential buyers in this transitioning market.
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Additional Resources
- World Property Journal
- Wikipedia: Real Estate
- Rebusiness Online
- Google Search: Orlando real estate market
- Multi-Housing News
- Google Scholar: Orlando housing market
- WFTV News
- Encyclopedia Britannica: Real Estate
- My News 13
- Google News: Orlando housing inventory
