06/01/2025
A little late, but still valuable! Three weeks ago, we analyzed the latest market trends, and the insights remain just as relevant today.
As we step into summer, Orlando's real estate market continues to show dynamic shifts, offering exciting opportunities for both buyers and sellers.
Orlando Market Snapshot - April 2025 compared to April 2024:
Median Home Price: The median home price for April was recorded at $389,900. This represents a slight increase of 0.4% compared to April 2024.
Inventory: We saw a significant increase in available homes! Inventory for April stood at 13,304, a notable 41.9% increase from April 2024, when it was recorded at 9,376. This means more choices for buyers!
New Listings: April brought 4,503 new listings to the market, reflecting a 6.5% rise from the previous year.
Closed Sales: While overall closed sales in April were 2,459, showing a decrease of 10.9% compared to April 2024, it's worth noting that overall sales increased by 62.4% from the start of the year to April.
Interest Rates: April's interest rate was recorded at 6.6%. Interest rates have hovered in the 6.0-range since October 2024, contributing to a more balanced market.
Months of Supply: The months of supply increased to 5.41 in April, up from 3.40 in April 2024, indicating more balance between supply and demand.
"April's housing data projects a promising summer for those looking to make a move in Orlando's real estate market, with a notable increase in both sales and inventory," said Lawrence Bellido, president of the Orlando Regional REALTOR® Association. He added, "As interest rates remain steady, buyers and sellers alike are taking advantage of more available homes, creating a balanced dynamic market as we head into the busy summer season".
Joe Doher's Performance in April:
I'm proud to share my personal sales performance for April: I successfully closed 11 transactions, totaling an impressive $4,675,695 in sales! This reflects my commitment to serving my clients and navigating the market effectively to achieve their real estate goals.
