***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 offer/contract- stood at 526, down from the 548 total recorded in April. During May, 371 homes were withdrawn from the market, failing to attract buyers.   The resort area inventory total continued to climb during May to stand at 3,795 homes, which compares to an increase of 23.3% on the 2,959 listings recorded on the market in April 2024. When reviewed against the current sales pace, the total overall inventory level indicates a 10.5-month supply, up from a 10.3-month supply in April and much higher than the 6.6-month supply seen in April 2024.  

Orlando...

Overall sales increased 62.4% from the start of the year to April, reflecting the 1,514 sales recorded in January and 2,459 sales in April. There were 4,151 pending sales whilst overall inventory for April stood at 13,304, up 41.9% from April 2024, when it stood at 9,376. Homes spent an average of 70 days on the market (DOM) during the month, while the median home price was $389,900. 4,503 new listings were entering the market in April, while April’s interest rate was 6.6%. The supply of homes was at a 5.41-month level. 

Florida....

Florida’s housing market reported an increase in inventory and easing of median prices in April compared to a year ago, according to Florida Realtors®’ latest housing data. Closed sales of existing single-family homes statewide totaled 23,572, down 4.5% yearly, while existing condo-townhouse sales totaled 8,710, down 14.8% over April 2024.  Closed sales of single-family homes fell 4.5%  compared to a year ago and are now down a little under 3% overall.  The statewide median sales price for single-family existing homes last month was $412,734, down 4% from the previous year, according to Florida Realtors Research Department data in partnership with local Realtor boards/associations.  Last month’s statewide median price for condo-townhouse units was $315,000, down 6% over the year-ago figure.  On the supply side, Single-family existing homes were at a 5.6-month supply while condo-townhouse properties were at a 10.3-month supply level. 

U.S...

Single-family home sales were down 0.3% to a seasonally adjusted annual rate of 3.63 million in April, down 1.4% from the prior year. The median single-family home price was $418,000 in April, up 1.7% from April 2024. Existing condominium and co-op sales faded 2.6% during April to a seasonally adjusted annual rate of 370,000 units, down 7.5% from one year ago. The median existing condo price was $370,100 in April, up 1.4% from the previous year's $364,900.  Total housing inventory registered at the end of April was 1.45 million units, up 9.0% from March and 20.8% from one year ago (1.2 million). Unsold inventory sits at a 4.4-month supply at the current sales pace, up from 4.0 months in March and 3.5 months in April 2024. The median existing-home price for all housing types in April was $414,000, up 1.8% from one year ago ($406,600). The Northeast and Midwest posted price increases, and the South and West registered price decreases.  

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.81% as of May 15th.  That is up from 6.76% one week before, but down from 7.02% a year ago.  

Closing Numbers ... May 30th 2025… 

1 G.B.P…Buys  1.347 U.S.D                   -              1 U.S.D…Buys  0.742  G.B.P

1 EURO...Buys  1.135 U.S.D                   -              1 U.S.D…Buys  0.880  EURO

 1 CAN $…Buys 0.727 U.S.D                   -              1 U.S.D…Buys  1.374  CAN $

*** 

U.S Federal Prime Interest Rate = 7.5% 

Team Donovan's monthly report on the Florida real estate market is published on the 1st of each month for absentee owners in the United States and worldwide. If you are considering selling your property now or in the future, please don't hesitate to contact us. We would be delighted to discuss the marketing of your property in more detail.