Residential Real Estate News
Greater Orlando Area Housing Market Cools in April
Inventory Rises on Higher Listings, but Prices Hold Firm
The Central Florida housing market showed signs of gradual rebalancing in April 2026, with modestly lower sales, rising inventory, and steady price growth across a five-county region, according to monthly data from the Orlando Regional Realtor Association covering Orange, Osceola, Lake, Seminole, and Volusia counties.
Overall residential sales across the region fell 2.7% month over month to 2,539 transactions in April from 2,608 in March, as higher borrowing costs and seasonal normalization continued to temper activity. On a year-over-year basis, sales were also slightly weaker, slipping from roughly 2,614 transactions in April 2025 to 2,539 in April 2026, a decline of about 2.9%.
New listings increased 3.0% to 4,066 homes, suggesting a gradual return of seller activity even as demand cools at the margins. Mortgage rates ticked higher, with April averaging 6.3%, up from 6.2% in March, according to data from Freddie Mac, which tracks national mortgage trends. Persistent elevated borrowing costs continue to pressure affordability.
Despite softer transaction volume, pricing remained resilient. The median home price in April came in at $410,758, compared with $404,355 in April 2025, underscoring continued year-over-year appreciation even as momentum slows. Homes also spent an average of 70 days on the market, unchanged from March, indicating stable--if slower--turnover conditions.
Inventory edged lower by 1.5% to 11,418 homes from 11,592 in March, though supply conditions were broadly stable. The market recorded 4.50 months of supply in April, up slightly from 4.45 months, keeping Orlando just below the six-month threshold typically associated with balanced conditions.
"April's data shows the Orlando market continuing to move at a measured pace," said Chris Atwell, 2026 president of the association. "While sales dipped slightly from March, new listings increased and prices remained above last year's levels, giving buyers more options while sellers continue to benefit from steady demand."
By property type, single-family home sales declined 2.1% month over month to 2,006 transactions, down from 2,048 in March. Compared with April 2025, when 2,053 single-family homes sold, volumes were down 2.3% year over year. Median pricing for single-family homes was $440,119.
Condominiums and townhomes saw a sharper monthly decline of 4.8%, falling to 533 sales from 560 in March. Year over year, condo and townhouse sales were down from 561 transactions in April 2025, a drop of about 5.0%. Median pricing for the segment stood at $312,052.
Combined distressed activity remained minimal, with foreclosures and short sales accounting for just 0.7% of total transactions.
