Team Donovan Blog

Published July 1st 2026

June "numbers" from the Resort Area Market...

June's median home price came in at $380,000, down 0.2% from May and 1.3% lower than the same month last year, when the median stood at $395,000. The average time for a home to sell and close during June was 145 days — unchanged from May but 10 days longer than a year ago. Homes that came to market over the last 30 days spent an average of 96 days listed, comfortably below the 104-day average recorded over the past 12 months. The resort area recorded 369 closings in June, up from 349 in May and ahead of the 329 closings seen in June 2025. Pending sales — homes under offer or contract — totaled 581, slightly below last month's 604 but above the 535 recorded in June of last year. Homes that changed hands in June achieved an average of 97.1% of their final listed price, edging below both the 97.2% recorded in May and the 98.1% achieved twelve months ago. During the month, 284 homes were withdrawn from the market without finding a buyer. Overall inventory dipped slightly month-on-month, with 3,388 homes currently listed. At the current pace of sales, that represents a 9.2-month supply — an improvement on the 9.7-month supply in May and well below the 11.4-month supply recorded in June 2025.

Orlando...

Overall sales rose 6.5% from April to May, with 2,542 closings in April and 2,708 in May. On a year-on-year basis, 1,044 homes sold in May 2026 compared to 1,028 in May 2025. The median home price in May was $407,002, down from $410,758 in April and below the May 2025 figure of $415,923, representing a year-on-year decline of approximately 2.1%. By property type, single-family homes dipped 1.6% year-on-year to $443,000, townhomes fell 4.1% to $350,000, and condos declined 2.8% to $189,500. The national median home price rose 1.8% over the same period. Inventory fell 1.9% from April to May, from 11,750 to 11,531 homes. Months of supply decreased from 4.62 in April to 4.26 in May, remaining below the six-month threshold generally considered to indicate a balanced market. New listings fell 7.1% month-on-month, with 3,787 new homes coming to market in May compared to 4,078 in April. Homes spent an average of 66 days on the market in May, down from 70 days in April, though above the 48-day average recorded in the same month a year earlier. The average mortgage interest rate in May was 6.5%, up from 6.3% in April.

Florida...

Closed sales of existing single-family homes statewide totaled 24,915 in May, up 0.6% year-on-year, while existing condo-townhouse sales totaled 8,897, up 6.6% compared to May 2025. May marked the ninth consecutive month in which closed sales rose year-on-year in both property categories. New pending sales of existing single-family homes rose 4.8% year-on-year, while new pending sales of condo-townhouse properties rose 9% compared to a year ago. Across all property types, Redfin recorded a total transaction volume of 30,460 homes sold in May, up 9.7% year-on-year from 27,774 in May 2025. The statewide median sales price for single-family existing homes in May was $425,000, up 2.4% from the previous year and $5,000 higher than April. The statewide median price for condo-townhouse units was $306,990, down 1% compared to the same month last year. Redfin's broader cross-tenure median sale price, covering all property types, was $395,595, up 1.7% year-on-year. Inventory for single-family existing homes stood at 4.7 months' supply in May, while condo-townhouse properties were at 8.6 months' supply. Total active listings across Florida were 200,524, down 9.89% year-on-year. Newly listed homes numbered 41,852, down 1.8% year-on-year. The median days on market statewide was 69 days in May. 9.9% of homes sold above list price, up 0.2 percentage points year-on-year. 20.2% of homes saw price reductions, down from 24.0% in May 2025. The sale-to-list price ratio was 96.3%, up 0.05 points year-on-year.

U.S...

Existing-home sales totaled 4.17 million on a seasonally adjusted annualized rate in May, up 3.2% both month-on-month and year-on-year, the highest level since December 2025. Pending home sales rose 3.8% month-on-month and 4.8% year-on-year, with gains in all four regions. Single-family sales reached an annualized rate of 3.8 million, up 3.3% year-on-year, while the condo and co-op segment was unchanged at 370,000. The national median existing-home price was $429,300, up 1.3% year-on-year and the 35th consecutive month of annual price increases. The single-family median was $434,300. Total housing inventory was 1.55 million units, up 3.3% from April and 0.6% year-on-year, representing 4.5 months of supply. The median time on market was 29 days, down from 32 days in April. Around 25% of homes sold above list price, with properties receiving an average of 2.3 offers. First-time buyers accounted for 35% of all purchasers, the highest share since June 2020. Cash transactions represented approximately 25% of sales. Distressed sales were 2% of transactions. The average 30-year fixed-rate mortgage was 6.44%, up from 6.33% in April but down from 6.82% in May 2025.

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U.S. Federal Prime Interest Rate = 6.75%

Closing Numbers · June 30th 2026

1 GBP buys 1.344 USD 1 USD buys 0.744 GBP

1 EURO buys 1.165 USD 1 USD buys 0.858 EURO

1 CAN $ buys 0.724 USD 1 USD buys 1.379 CAN $

1 BRL buys 0.193 USD 1 USD buys 5.18 BRL

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.