Hey everyone,
I wanted to share a fresh look at our Central Florida housing market, it’s getting more interesting by the day. As of May, we’ve got nearly 14,000 homes actively on the market in the Orlando region, marking the highest inventory since 2011 and up roughly 5% month-over-month. That translates to about 5½ months of supply, inching us closer to a balanced market (6 months) . Buyers are no longer in a rush, they’re taking ~68–70 days to seal a deal, compared to about 54 last year.
Pricing has been remarkably resilient. For single-family homes, the median sits at about $390K–$420K. Condos and townhomes are also showing stability: average sale price is $291K, and homes moving at about 83 days on market, down just a touch from national condo trends.
That said, closed sales are mixed. Single-family transactions ticked up ~3–5% month-to-month (~2,066–2,551 closings in May), while condo sales dipped ~8–9% year-over-year. Overall, sellers are noticing more negotiation on price and contract terms. We’re no longer seeing 20+ offers or homes flying off the market, now buyers have real leverage.
Broadly speaking, Florida is showing early signs of pullback, statewide home prices are off about 3% from their spring‑2024 peak, and cities like Orlando and Tampa are flagged “bearish” by analysts, due to rising insurance costs and slower in-migration. Still, Central Florida remains a standout: affordability constraints up north and along the coast are pushing buyers inland, keeping prices firm and underpinned.
We’re seeing a shift toward a more balanced market, more listings, longer timelines and slight pullback. Sellers who price smart and stage well are still getting solid offers, while buyers now have the luxury of choice and room to negotiate. If you’re thinking about making a move, now’s a great time to talk strategy.
One thing I’ve been paying close attention to is the inventory of bank-owned properties. That number’s on the rise too, as of this morning, there are 339 bank-owned properties on the market in Central Florida. A few months ago, that number was down around 280. It’s a noticeable increase and a trend I’m going to be watching closely. You can view the best deals in the following link
