Orlando’s housing market saw inventory reach its highest level in over a decade in May 2025, while overall annual residential sales declined, according to the latest data from the Orlando Regional Realtor Association (ORRA).
Inventory Levels Reach 13,957 – Highest Since 2011
Housing inventory climbed 4.9% from April to May, totaling 13,957 active listings — the highest since January 2011. The market now holds a 5.47-month supply of homes, nearing the six-month benchmark considered indicative of a balanced market. By comparison, the supply stood at just 3.53 months in May 2024.
Despite the rise in available homes, new listings dipped 6.6% month-over-month, falling from 4,503 in April to 4,208 in May.
Sales See Modest Monthly Gains; Annual Comparisons Reflect Cooling
Month-over-month sales rose 3.7%, with 2,551 homes sold in May versus 2,459 in April. Pending sales also increased slightly, up 2.1% to 4,238.
However, annual comparisons revealed a significant year-over-year slowdown. Total home sales declined 12.3% compared to May 2024 (2,909), with all property types seeing fewer transactions:
- Single-family homes: 2,066 sales in May 2025 vs. 2,247 in May 2024
- Condos: 239 sales vs. 354 a year ago
- Townhouses/Villas: 246 sales vs. 308 in May 2024
Sales of distressed properties (including foreclosures and short sales) remained minimal, accounting for just 0.9% of all transactions — down slightly from April.
Median Prices Hold Steady; Interest Rates Tick Up
The median home price in the Orlando area edged up to $390,000 in May, from $389,900 in April. Single-family homes recorded a median price of $420,000, while condos stood at $190,000 and townhomes at $347,500.
The average days on market for homes dropped to 68 in May, down from 70 the previous month, indicating slightly quicker turnover.
Meanwhile, borrowing costs continued to rise. The average interest rate climbed to 6.8%, up from 6.6% in April.
Market Outlook: Opportunities and Challenges Ahead
“As we head into the summer season, the Orlando housing market is gaining momentum with more homes available and steady sales activity,” said Lawrence Bellido, president of ORRA. “For buyers, the increase in inventory offers more choices and a chance to explore options that fit their needs. For sellers, it’s a signal to stay competitive–pricing and presentation matter more than ever in a market where consumers are weighing their options carefully.”
With growing inventory, steady prices, and slightly rising demand, the Orlando market appears to be stabilizing after a period of high volatility, offering both buyers and sellers reasons to stay engaged as summer approaches.
