Team owner Kathryn Stelljes shares the latest Orlando real estate market update, breaking down what happened in February 2026 across Central Florida. Using data from the Orlando Regional Realtor Association, this report highlights current housing trends, home prices, inventory levels, and what buyers and sellers can expect as we move into the spring season.
If you are planning to buy or sell a home in Orlando, understanding these trends can help you make more informed decisions in today’s market.
Orlando Housing Market Overview February 2026
The Orlando housing market in February 2026 remained steady compared to the same time last year. There were 1,888 homes sold, which is slightly higher year over year. Pending sales came in at 4,001 homes under contract, showing that buyer demand remains active despite changing market conditions.
There were 11,975 homes for sale, which is slightly lower than last year. This resulted in 6.34 months of inventory, indicating a buyer leaning market overall.
However, real estate conditions in Orlando continue to vary by location. In areas closer to downtown Orlando and other high demand neighborhoods, limited inventory is still creating competition among buyers. In other parts of Central Florida, buyers are seeing more options and increased negotiating power.
Orlando Home Prices February 2026
Home prices in Orlando have adjusted slightly compared to last year. The median sales price is $375,000, which is down 2.6 percent year over year. The average home price is around $470,000, which has also decreased compared to last year.
This shift reflects a normal market adjustment after the rapid price increases seen in previous years. Rather than a decline, this is a sign of a more balanced and stable housing market.
Orlando Interest Rates and Buyer Activity
One of the biggest changes impacting the Orlando real estate market is interest rates. In February 2026, the average interest rate dropped to approximately 5.9 percent, marking the first time rates have fallen below 6 percent since 2022.
Lower interest rates can improve affordability for buyers and may encourage more people to re-enter the market. As a result, we could see increased activity in the coming months.
For the full update, watch the video:
Market Highlights (Year over Year ORRA Stats)
- Homes Sold: 1,888 closed sales in February
- Pending Sales: 4,001 homes under contract at month’s end
- Homes for Sale: 11,975 active listings at the end of February
- Median Sales Price: Down 2.6 percent
- Average Sales Price: Around $470,000, down year over year
- Months of Inventory: 6.34 months, indicating a buyer leaning market
What This Means for Buyers and Sellers in Orlando
The Orlando real estate market is showing signs of stability. Sales activity remains consistent, and buyer demand continues even as prices adjust and inventory levels shift.
For buyers, the increase in inventory compared to recent years and slight price adjustments create more opportunities and negotiating power. However, in competitive areas with limited inventory, it is still important to act quickly.
For sellers, pricing and preparation are more important than ever. Homes that are priced correctly and presented well are still attracting strong interest, especially as we move into the spring season.
Orlando Real Estate Market Forecast 2026
As we move into spring, the Orlando housing market is expected to become more active. Historically, March through May brings an increase in both buyers and sellers, which can shift the balance of supply and demand.
If interest rates remain below 6 percent, we may see a stronger increase in buyer activity. Overall, 2026 is expected to remain a steady and balanced year, with market conditions varying by neighborhood and price range.
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