As we step into spring 2025, Central Florida’s real estate market continues to evolve, presenting both challenges and opportunities for buyers and sellers alike. Let’s take a look at how the market has changed since last year and what you can expect in the coming months.
Market Overview: 2024 vs. 2025
- Median Home Prices: In 2024, the median home price in the Orlando Metro region was $380,000, marking a nearly 4% increase over the previous year. This upward trend reflects sustained demand and limited inventory.
- Sales Volume: While prices have risen, the number of home sales has seen a slight decline. In 2024, overall sales decreased by 7.1% compared to 2023, indicating a shift towards a more balanced market.
- Inventory Levels: A significant change this year is the increase in housing inventory. For the first time in over a decade, Central Florida has a six-month supply of homes, suggesting a move towards a more balanced market.
What Buyers Can Expect
- More Choices: With increased inventory, buyers now have more options to choose from, allowing for more thoughtful decision-making.
- Slightly Higher Prices: While there’s more inventory, prices have remained relatively stable, with minor increases compared to last year.
- Competitive Market: Despite more inventory, desirable properties in prime locations may still experience competitive bidding.
What Sellers Should Know
- Balanced Market Dynamics: Sellers can expect a more balanced market, where pricing and presentation are key to attracting buyers.
- Pricing Strategy: Setting a competitive price is crucial. Overpricing may lead to extended market time, while well-priced homes are likely to attract more interest.
- Enhanced Marketing: High-quality listings with professional photos and staging can make a significant difference in attracting potential buyers.
Looking Ahead
As we move further into 2025, the Central Florida real estate market is expected to remain stable with moderate price growth. Buyers and sellers should stay informed and work with experienced professionals to navigate the evolving market dynamics.
If you need assistance with buying or selling in Central Florida, feel free to reach out. We’re here to help you make informed decisions in today’s real estate market.
