Team Donovan Blog

Published on 1st April 2026

March "math" from the Resort Area Market

The March resort-area median price remained unchanged from January at $385,000 but was down 3.8% from March  2025, when it stood at $400,000.  The average number of days a home has spent on the market over the last 30 days was 109, compared to a 91-day average 12 months ago. The resort market saw a total of 368 closings in March, up from 270 in February and from the 311 sales in March 2025.  The total number of homes shown as Pending—under offer/contract—totaled 588, slightly up from 583 last month but much higher than the 448 home pipeline in January.  A home that closed in March achieved an average of 97.1% of its final listed price, down from 97.3% in February and matching the level achieved 12 months ago.   The March market saw 278 homes withdrawn after failing to attract a buyer whilst listed, whilst the overall inventory totaled 3,335 homes, up from 3314 in February and below the 3,480 level recorded 12 months ago.  Current total inventory, when compared with the pace of sales, indicates a 9.1-month supply of available homes, down from 12.2 months in February and below the 11.1-month supply recorded in March 2025. 

Orlando 

February’s interest rate stood at 5.9%, which was down slightly from 6.0% in January. This is the first time interest rates have fallen into the 5.0%-range since September 2024. Homes spent an average of 83 days on the market during the month, up from 81  in January. This is the highest DOM since February 2015. Overall sales rose by 15.5% from January to February, from 1,634 to 1,888. Pending sales were up 13.8%, with 4,001 in February compared to 3,515 in January. New listings fell 4.5% month on month, with 3,678 new homes entering the market in February, compared to 3,852 in January. Total Inventory for February stood at 11,975 listings, up 2.0% from January, when inventory was recorded at 11,741. The median home price was $375,000, up 1.4% from January’s median home price of $370,000.  The supply of homes fell to a 6.34-month level during February, down 11.7% from 7.19 months in January.  In February 2025, there was a 6.76-month supply of home availability. 

Florida

Closed sales of single-family homes statewide last month totaled 18,379, up 3.9% compared to February 2025, while existing condo-townhouse sales totaled 7,060, up 8.6% year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor® boards/associations. Closed sales (for both single-family homes and condo-townhouse units) were up year-over-year for the sixth straight month, while median prices in both categories remained close to where they were a year ago. The statewide median sales price for single-family existing homes last month was $412,000, down 0.7% from a year ago; for condo-townhouse units, it was $309,000, down 1.9% compared to February 2025.  Last month, new pending sales increased year over year for both existing single-family homes (up 4%) and condo-townhouse properties (up 9.1%). In February, the statewide supply of single-family existing homes was at a 4.8-month supply, while the supply of existing condo-townhouse properties was at a 9.3-month supply.

U.S. 

Existing-home sales rose 1.7% from January to a seasonally adjusted annual rate of 4.09 million units in February. Year-Over-Year: Sales fell 1.4% compared to February 2025.  The median existing-home price increased 0.3% year over year to $398,000. Inventory:   Pending home sales rose 1.8% in February, reversing previous declines.  The inventory of existing homes increased 2.4% to 1.29 million units, still well below pre-pandemic levels of 1.5-1.6 million units. Supply was up 4.9% year over year. At February's sales pace, it ⁠would take 3.8 months to exhaust the current inventory of existing homes, up from 3.6 months a year ago.  The median days on the market for listed properties increased to 47 from 42 a year ago. First-time buyers accounted for 34% of sales, up from 31% a year ago. Economists and realtors say a 40% share in this category is needed for a robust housing market. All-cash sales constituted 31% of transactions, down from 32% a year ago. ⁠Distressed sales, ​including foreclosures, made up 3% of transactions. While that was unchanged from a year ago, the share of distressed sales ​has mostly been around 2%. 

The Freddie Mac current average for a 30-year fixed-rate mortgage is 6.22% as of March 19th.

***

U.S Federal Prime Interest Rate = 6.75%   

Closing Numbers ... March 31st 2026…

1 G.B.P…Buys  1.318 U.S.D                   -              1 U.S.D…Buys  0.758  G.B.P

1 EURO...Buys  1.152 U.S.D                   -              1 U.S.D…Buys  0.867  EURO

 1 CAN $…Buys 0.716 U.S.D                   -              1 U.S.D…Buys  1.395  CAN $

Team Donovan publishes this updated monthly report on the 1st of each month for the benefit of all Orlando resort-area property owners. Our detailed community reports are updated and published on the 15th of each month.