Orlando Real Estate Market News

November “numbers” from the Resort Area Market. 

The median price in November was down 0.3% from the previous month, settling at $389,000, a 3.7% decrease from the November 2024 median price of $399,990.

  • Pending Sales: The number of homes recorded as Pending (under offer/contract) stood at 511, marginally changed from the 508 total last month, but much higher than the 295 total in November 2024.
  • Sales Price vs. List Price: Homes sold during November recorded an average of 97.6% of their final listed price, down slightly from October's 97.7% and unchanged from the level achieved 12 months ago.
  • Time on Market: The average time to sell and close a home in November was 137 days, which is up 21 days from a year ago. Meanwhile, the average time a…

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***Published on 1st August 2025*** 

July  “journal”  from the Resort Area Market...  

Julys total sales of 342  were up on the 329 closings recorded in June but down from the 412 closings recorded in July 2024.  The number of homes noted as Pending- under offer/contract stood at 519, which is down from the 535 total last month.  The July median price was again unchanged from the previous month at $395,000, but was down 1.1% from the July 2024 median price of $400,000.  The average days that it took for a home to sell and close during July was 129, which is 17 days up from a year ago, whilst the average days a home spent on the market over the past 30 days was 81, which compares to an 84-day average over the last 12 months. A home changing ownership…

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***Published on 1st July 2025*** 

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

The June median price was unchanged from the previous month at $395,000 but was down 2.2% from the June 2024 median price of $403,900. A home changing hands in June did so at an average of 98.1% of its final listed price, higher than May and up from the 97.5% level achieved twelve months ago.  The average days that it took for a home to close during May were 135, which is 10 days higher than a year ago, whilst the average days a home spent on the market over the past 30 days was 91, which compares to an 82-day average over the past 12 months. The new total sales of 329 were the same as in May but were down from the 401 closings recorded in June 2024. The number of homes…

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 ***Published on 1st June 2025***  

May  “math”  from the Resort Area Market... 

A home sold during May achieved on average 97.1%  of its final listed price, unchanged from April but down from the 98.1% level achieved twelve months ago.  The average days a home took to close during April was unchanged from the previous month at 125, whilst the average days a home spent on the market over the past 30 days was 85, which compares to an 80-day average over the last 12 months. The April median price fell to $395,000 from $399,900 in April and was also down 2.3% from the April 2024 median price of $404,000.  The May sales total of 329 was down from the April total of 361 and the 444 sales recorded in May 2024.   The number of homes Pending- under…

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 ***Published on 1st May 2025***

April “answers”  from the Resort Area Market... 

The March median price was up at $399,000 from the February figure of $397,900,  but remains down 1% from the March 2024 median price of $404,000. A closed home during the month achieved an average of 97.3%  of its final listed price, which was up from 97.1% in February but down from the 98.0% level being achieved one year ago.  During March, the average number of days it took to close a home was 123, while the average days on market were 91, which compares to 85 days in February and a 78-day average over the last 12 months.   Total closings during March were 311, which was 63 above the February total of 248, but down from the 396 sales recorded in March 2024.   The…

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***Published on 1st April 2025***

March  “moments”  from the Resort Area Market...   

The March median price was up at $399,000 from the February figure of $397,900,  but was down 1% from the March 2024 median price of $404,000. A closed home during March achieved an average of 97.3%  of its final listed price, up from 97.1% in February and down from the 98.0% level achieved one year ago.  During March, the average days a home took to close was 123, whilst the average days on market was 91, compared to 85 days in February and a 78-day average recorded over the last 12 months.   Total closings of 311 were 63 up on the 248 February total, but below the 396 sales recorded in March 2024.   The number of homes Pending- under offer/contract across the…

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Published January 1st 2025

December "data" from the Resort Area Market...

The last Team Donovan sales activity report for 2024 reveals that the median Price of a resort area home fell 2.7% over the past 12 months, from $406,495 in December 2023 to $399,900 twelve months later. The resort area inventory was up 14.1% from January 2024 from 2,767 listings to the 3,216 total currently available. The average number of days on the market that a home took to close in December was 120, compared to 98 days a year ago.   A home that closed during the Month did so at an average of 97.9% of its listed Price, from an average of 98% twelve months ago.  During the month, the market saw 268 homes withdrawn after failing to sell, down from the 312 withdrawn listings…

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***Published on 1st December 2024*** 

November “numbers ”  from the Resort Area Market... 

Total resort area sales during November of 283 were down 22 from the previous month and also down by 57 on the 412 closings recorded during September. The average days a home took to close during October was 116, up 1 day from October and was 2 days higher than the 114-day average recorded in September. A home closing in November achieved an average of 97.6% of its listed price, down from 98.3% the previous month. The average days a home spent on the market was 83, compared to 73 days in October and a 71-day average over the past 12 months. The November median price changed little, to $399,990, compared to $400,000 in October, but it was down 1.1% from the…

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***Published on 1st October 2024***  

September “summary ”  from the Resort Area Market...  

The resort area's rising inventory levels continued in September, with the total number of listings recorded at 3,217, 1.7% up on the 3,161 in August and still well above the 2,767 total listings recorded at the start of 2024.  The August median price was unchanged from July at $400,000  but remains down 1.1% from the January median price of 404,418.  Total sales during September of 340 were down 14  from the previous month and also down by 72 on the 412 closings recorded during July.  The average days a home took to sell during September was unchanged from August at 114 but up 2 days from the 112-day average recorded in July.   A closed home in September…

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***Published on 1st September 2024***  

August “answers ”  from the Resort Area Market... 

The August median home price was unchanged from July at $400,000  but remained down 1.1% from the January median price of 404,418, whilst the average days that a home takes to close was up by 2 days from July at 114  and 3 higher than 111-day average recorded in June.  The trend of rising inventory slowed in August, with the total number of listings at 3,162. Little changed from 3,157 in July, but it was above the 2,767 total listings recorded in January 2024.  Total sales during August of 326 homes were down 96 on the previous month and down 75 on the resort area closings recorded during June.  A home that closed during August did so at an average of 97.8% …

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