Team Donovan Blog

Published on 1st March 2026

February "figures" from the Resort Area Market

The resort area market saw 270 total closings during February, up from 227 in January but down from 362 in December 2025. The total number of homes shown as Pending—under offer/contract—totaled 583, up from 448 last month and a 434-home pipeline in December. A home that closed in February achieved an average of 97.3% of its final listed price, down from 97.5% the previous month but up from the 97.1% achieved 12 months ago.  The February resort-area median price remained unchanged from January at $385,000 but was down 3.3% from February 2025, when it stood at $397,900.  The average number of days a home has spent on the market over the last 30 days was 109, compared to 98 days over the last 12 months. The February market saw 327 homes withdrawn, having failed to attract a buyer whilst listed. The market's overall inventory totaled 3,314 homes, down from 3,370 in January and below the 3,397 level 12 months ago. Current overall inventory levels, when compared with the pace of sales, indicate a 12.2-month supply of available homes, down from 14.6 months in January and below the 13.7-month supply recorded in February 2025. 

Orlando 

Total Closed Sales revealed that 1,634 homes sold in January, a 25.1% drop from December's 2,182 sales, but an increase from the 1,514 sales recorded in January 2025. Orlando new listings increased 59.5% month-over-month to 3,852, providing significantly more listings for buyers reaching 11,741 active listings, representing a 7.19-month supply. This is the highest level of inventory since early 2016, moving the market closer to a "balanced" state (typically six months of supply). The Days on Market (DOM) average was 81, up from 78 days in December. This is the longest period Orlando has seen since February 2016. Interest Rates: Held steady at an average of 6.0%.    

Florida

Florida’s housing market started 2026 on an upswing, with more closed sales, more new pending sales, and more new listings in January compared to a year ago, according to Florida Realtors®’ latest housing data.  Closed sales of single-family homes statewide last month totaled 16,298, up 5.9% compared to January 2025, while existing condo-townhouse sales totaled 6,084, up 5.1% year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Closed sales may occur from 30 to 90-plus days after sales contracts are written. In January, the statewide median sales price for single-family existing homes was $405,000, down 1.2% from a year ago; for condo-townhouse units, it was $305,000, down 2.4% compared to January 2025. The median is the midpoint; half the homes sold for more, half for less. Last month, new pending sales increased year-over-year for both existing single-family homes (up 15.2%) and condo-townhouse properties (up 16.9%). The supply of single-family existing homes was at a 5.2-month supply while existing condo-townhouse properties were at a 9.7-month supply last month.

U.S. 

Existing-home sales decreased by 8.4% in January, according to the National Association of Realtors® Existing-Home Sales report. The report provides the real estate ecosystem – including agents, homebuyers, and sellers – with data on home sales, prices, and inventory levels. Month-over-month and year-over-year sales fell in all regions. Total existing-home sales for January recorded an 8.4% month-over-month decrease to a seasonally adjusted annual rate of 3.91 million, and a 4.4% year-over-year decrease. Inventory on January 1.22 million units. Total housing inventory, down 0.8% from December and up 3.4% from January 2025 (1.18 million). 3.7-month supply of unsold inventory, up from 3.5 months in December and one year ago. Median sales price in January $396,800: Median existing-home price for all housing types, up 0.9% from the one year ago figure of $393,400 – the 31st consecutive month of year-over-year price increases.  Single-family homes: sales decreased 9.0% month over month to a seasonally adjusted annual rate of 3.53 million, down 4.3% from January 2025.  $400,300: Median home price, up 0.6% from last year. Condominiums and co-ops in January saw a 2.6% decrease in sales month over month to a seasonally adjusted annual rate of 380,000, down 5.0% from last year.   $364,600 was the median price, up 3.8% from January 2025. 2.6% decrease in sales month over month to a seasonally adjusted annual rate of 380,000, down 5.0% from last year. 

The Freddie Mac current average for a 30-year fixed-rate mortgage is 5.98%.

***

U.S Federal Prime Interest Rate = 6.75%   

Closing Numbers ... February 27th 2026…

1 G.B.P…Buys  1.347 U.S.D                   -              1 U.S.D…Buys  0.741  G.B.P

1 EURO...Buys  1.182 U.S.D                   -              1 U.S.D…Buys  0.846  EURO

 1 CAN $…Buys 0.733 U.S.D                   -              1 U.S.D…Buys  1.363  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.