Team owner, Kathryn Stelljes, breaks down last months numbers to bring you What’s Trending in the Central Florida real estate market.

The market continues to shift as we move through the second half of the year. While activity has been pretty steady the last few months, year over year we are seeing lower sales and a more balanced market overall. Let’s take a closer look at what happened in Orlando this past month.

For the full update, watch the video:

Interest Rates

The average interest rate in August was 6.35%, the lowest rate in a year giving buyers a little more purchasing power.

Sales Activity

A total of 2,306 homes sold in August, which represents a 13.15% decline compared to the same time last year. This dip reflects the cautious approach buyers are taking in today’s market, often weighing affordability concerns against lifestyle needs.

Prices

The median home price came in at $382,950, slightly down 0.40% year-over-year. The average sales price was $485,278 UP from last year. This has been pretty steady all year long which a few ups and downs. What does this tell us? Sellers can still achieve strong results when priced correctly, but overpricing leads to longer days on the market and eventual price reductions.

Inventory & New Listings

Total active inventory hit 13,306 homes, which is down slightly (by 251) compared to July. This puts our market at 5.77 months of supply—a clear sign that Orlando is moving toward a more balanced market between buyers and sellers.

Days on Market

Homes are taking longer to sell, with the average days on market at 75. This is another signal that sellers must remain competitive in both pricing and presentation to capture buyer attention.

What This Means for You

• Buyers: With more inventory available and homes staying on the market longer, you have more negotiating power than you have in a long time. ✨ It’s a great time to explore your options without the intense bidding wars of the past.
• Sellers: Pricing strategically is key. Homes are still selling, but buyers are more selective. Staging, marketing, and proper positioning will help your property stand out.
• Investors: With more balance in the market, now may be a strong time to look for opportunities as sellers adjust to current conditions.

Ready to sell and cash out the equity built during the boom years? Text me at 407-982-7240 and let’s connect about how to ensure you leave nothing on the table in the cooling market conditions.