The Orlando real estate market took a noticeable step back in November 2025, as sales and listings dropped sharply ahead of the holiday season. Overall sales fell by 22.1% from October to November, with 1,820 homes sold in November 2025, compared to 2,335 in October, according to new data from the Orlando Regional Realtor Association.
The decline in transactions was mirrored by a reduction in new listings, which fell by 21.4%, from 3,676 homes listed in October to just 2,891 in November. This drop in inventory led to a decrease in the overall supply of homes available for sale, which dropped 4.1% month-over-month, from 13,047 homes in October to 12,516 in November. Despite the slower pace, however, the median home price inched upward, rising 1.3% to $385,000 in November from $380,000 in October 2025.
Interest Rates and Inventory Shaping the Market
The uptick in home prices comes amid rising interest rates. The average mortgage rate increased slightly to 6.1% in November, up from 6.0% in October, further contributing to the cooling market as buyers contend with higher borrowing costs. Homes on the market are also taking longer to sell, with the average number of days on the market holding steady at 76 days in November, just one day less than October.
Despite these trends, inventory levels have tightened in recent months. November’s 6.88-month supply of homes marked a 23.1% increase from October’s 5.59-month supply, though it remains just above the six-month threshold that typically signals a balanced market. In comparison, the same period last year saw a 6.43-month supply, suggesting a modest increase in availability this year. The reduced number of homes available for sale and higher mortgage rates have made it harder for buyers to find their ideal properties, contributing to the slowdown.
Buyer and Seller Behavior in the Holiday Season
Lawrence Bellido, president of the Orlando Regional Realtor Association, attributed the decline in activity to typical seasonal trends. “November’s slowdown reflects typical market behavior heading into the holiday season. Buyers tend to be less active, while many sellers hold off on listing their homes or take them off the market to avoid navigating a slower time of year,” Bellido said. “This leads to fewer listings and less competition, which can create opportunities for buyers but also limit inventory for those actively searching.”
As the year draws to a close, Bellido emphasized that both interest rates and inventory levels will continue to be key factors influencing the market in the coming months. He advised potential buyers and sellers to remain vigilant as these factors evolve.
Segment Breakdown: Single-Family Homes, Condos, and Townhouses
The decline in sales was particularly pronounced in the single-family home segment. A total of 1,452 single-family homes were sold in November, down 22.3% from 1,868 in October. The median price for these homes remained relatively steady at $415,000, only slightly higher than the $412,000 median price in November 2024.
Condo sales also saw a significant drop, with just 190 units sold in November, marking a 26.4% decrease from the 258 units sold in October. The median condo price held firm at $195,000, showing little change from the previous month.
Townhouses and villas experienced a smaller dip, with 178 sales in November, down 14.8% from October’s 209. The median price for these properties was $339,950, a slight increase compared to the $336,000 price point in November 2024.
Distressed Sales on the Decline
Meanwhile, distressed sales–those involving bank-owned properties or short sales–continued to make up a small portion of the market. In November, 24 distressed homes were sold, accounting for just 1.3% of all transactions, a decrease from October when 26 distressed homes were sold.
Overall, the Orlando housing market appears to be adjusting to the typical slowdown that accompanies the holiday season. With fewer listings, higher interest rates, and a general reduction in sales activity, both buyers and sellers are facing a more cautious and calculated approach as they prepare for the new year.
