Residential Real Estate News
Orlando Housing Market Cools in June as Listings Slide, Sales Slow
The Orlando housing market showed signs of cooling in June 2025, with new listings, pending sales, and total transactions all edging lower amid still-elevated interest rates and constrained inventory levels.
According to data released by the Orlando Regional Realtor Association (ORRA), new home listings fell 8.4% from May to June 2025, with 3,854 properties hitting the market last month compared to 4,208 in May. Total inventory dipped 1.2% to 13,793 active listings.
Sales also slowed. Overall transaction volume declined by 1.5% month-over-month, with 2,513 homes sold in June versus 2,551 in May. Pending sales dropped more sharply, down 6.2% to 3,976.
Despite the slowdown, home values held steady. The median sales price in June remained unchanged from May at $390,000, suggesting a market still supported by limited supply and resilient demand.
"Trends in real estate come and go, but setting the right price early on can help avoid the need to pull a home off the market," said Lawrence Bellido, president of the Orlando Regional Realtor Association. He noted that a recent national surge in delistings--up 47% according to Realtor.com--underscores the consequences of overpricing.
Orlando Inventory Dynamics
Orlando's housing supply remains tight by historical standards. Although the market saw a slight 0.3% increase in months of supply--from 5.47 in May to 5.49 in June--it remains just shy of the six-month benchmark generally considered a balanced market.
For comparison, the region had just a 4.15-month supply in June 2024.
Property Type Breakdown
Single-family homes bore the brunt of the June slowdown, with sales declining 4.2% to 1,979 units. The median price for this category was $429,000. Condo sales, by contrast, surged 17.6% month-over-month to 281 units, though the median price remained modest at $195,000. Townhouses and villas saw a 2.8% increase in sales to 253 units, with a median price of $335,000.
Distressed sales--foreclosures and short sales--ticked up to 26 units, comprising 1% of all transactions. That's an 18.2% increase from May but remains a small slice of the market.
Mortgage Rates Offer Little Relief
Homebuyers got a marginal reprieve in borrowing costs last month. The average interest rate for June slipped to 6.7%, down from 6.8% in May. However, rates remain well above pandemic-era lows, continuing to weigh on affordability.
Days on market declined slightly, with homes spending an average of 67 days before selling--down from 68 in May--signaling that priced-right inventory is still moving.
Orlando Outlook
With pricing holding firm and demand moderating, Orlando appears to be settling into a slower but still stable market dynamic. Softening sales and new listings suggest continued caution among buyers and sellers alike, even as inventory levels remain well below pre-pandemic norms.
