What will happen to house prices in Orlando, Florida, in 2025? While we don’t have a crystal ball, we know that Orlando’s housing market remains one of the most dynamic in Florida. Known for its thriving tourism industry and growing tech sector, the city continues to attract new residents and investors, leaving most assuming an extremely positive Orlando housing market forecast for 2025.
Key Takeaways
- Orlando’s housing market is experiencing a balanced phase for the first time in years, with six months of inventory available.
- Orlando is projected to be one of the top markets for 2025, with home prices expected to rise by 12.1% and sales increasing by 15.2%.
- A robust job market, population growth, and diverse demographics, including younger buyers and military-connected families, contribute to Orlando’s sustained housing demand.
- Builders are addressing inventory challenges by focusing on affordable housing options, leading to a rise in new construction. This, combined with more existing homeowners entering the market, provides greater choice and supports steady price growth in Orlando.
Recent Trends in the Orlando Housing Market – November 2024
Rose Kemp, president of the Orlando Regional REALTOR® Association, offered these insights in the organization’s November 2024 report. “We have watched our market slowly settle over the last 12 months, and we now have what we consider a ‘balanced market’ for the first time in many years.”
A balanced real estate market occurs when supply and demand are relatively equal, creating stable conditions where neither buyers nor sellers have a distinct advantage. Typically, this means there’s around six months of housing inventory available, leading to moderate price appreciation and steady sales activity.
In November 2024, Orlando’s housing market experienced growth compared to its historical performance. Median home prices increased by approximately 1.3% year-over-year. However, the real story is Orlando’s inventory levels and increased number of contracts.
Inventory levels improved dramatically in Orlando, from 4.11 months of supply in November 2023 to 6.43 months in November 2024. Inventory increased in all categories, including single-family homes, condos, and townhomes/villas. In addition, new contracts increased 16.1% year over year.
Current Average Home Prices in Orlando
As of November 2024, the average home price in Orlando is approximately $466,166, up 3.0% year over year. However, a better indicator of the market’s state is the median price, currently $380,000, up 1.3% yearly. This represents a stabilization in growth compared to previous years when price increases were more pronounced.
Expected Home Trends for 2025
While predictions vary on how much home prices will increase in Orlando, most analyses show growth in the region’s housing market. In fact, Realtor.com named Orlando one of the top markets to watch in 2025.
According to that website, prices are expected to grow a whopping 12.1% in 2025. Increased prices are not expected to affect sales growth, which Realtor.com listed as 15.2%.
Are you interested in starting as an agent? If you have ever considered getting your real estate license, now is the time for Orlando residents.
Economic Indicators Affecting the Orlando Housing Market
Why is Orlando getting national attention as a market to watch in 2025? Here are some of the reasons.
1. Robust job market and lifestyle appeal
Orlando’s strong job market, coupled with its warm climate, family-friendly attractions, and lack of state income tax, continues to draw local and out-of-state buyers. The region’s indoor-outdoor lifestyle and proximity to major theme parks and beaches make it a desirable destination for families and professionals, ensuring sustained housing demand.
2. Population growth and diverse demographics
Orlando is experiencing significant population growth. The area attracts a wide range of buyers. Government-backed mortgages such as VA, FHA, and USDA loans further support first-time and military-connected buyers, broadening access to homeownership.
3. Increased inventory and new construction
Orlando is leading the way in addressing inventory challenges, with year-over-year growth in single-family home construction and a focus on affordable housing. Builders are creating more options for buyers by adding smaller, budget-friendly homes while existing homeowners are re-entering the market. This combination of new and existing inventory ensures more choices for buyers and supports steady price growth in 2025.
We’ve presented you with a lot of data about the Orlando real estate housing market. What does all this information mean for those contemplating a career in real estate? Orlando, Florida, is poised to be one of the hottest real estate markets in the country.
The average income of a real estate agent in Florida is $181,250, according to Gold Coast School’s recent salary guide. This information and the average sale price of homes should give you some idea of the average Orlando real estate license income projections. It’s also worth noting that the cost of a Florida real estate license is less than $1,000 – and you can finance your pre-licensing courses.
Take advantage of Orlando’s hot real estate market by enrolling in a Florida real estate course today with Gold Coast Schools. Gold Coast Schools has two Orlando locations and offers livestream and at-your-own-pace online courses.