The housing price in the center of Florida recorded a record high in 2024, and the supply of sales houses increased rapidly, creating a more active real estate market for buyers who can afford to input it. 。 The year data is displayed.
According to the Orlando Regional Realtor Association, the regional housing selling price of the area was $ 380,000, an increase of 3.5 % since the previous year. This data is related to the sale of orange, Ocala, Seminol County, Volcian County Condominium, Duplex and Town House, but also a single -family house.
The number of houses sold in the Orlando area has reached six months. In other words, it means that it takes so long to deplete housing inventory based on the current sales -in November, the data of the Association indicates that it did it for the first time in 14 years.
The supply of housing for sale dropped below that level in less than a month in March 2022. More options and more space to negotiate prices.
These trends should last until 2025, and Orlando’s real estate agent, Jeremy Wood, said he had seen more buyers’ activities than last January.
“2025 looks very positive,” he said. “Except for the Black One event, it looks good for both buyers and sellers as things continue.”
However, COVID-19’s pandemic, several years of stock, and high interest rates have increased the cost of construction and materials because they purchase central florida houses. Sudden increase of cost of housing owners has also closed some potential buyers from the market.
In November 2019, the median of the house price before the pandemic was $ 240,000. In early 2025, the price could have a modest apartment, a 860 -square -footed house, or a “investor special” that requires TLC.
The detached houses sold in the center of Florida are currently “1.3 million in Winds Cloud’s 3 -bedroom pool house from $ 229,900 in West Orlando to St. Cloud’s 3 -bedroom pool house. There is a dollar house every night from your backdrop.
ALTAMONTE SPRINGS resident Shawn Bowman has begun hunting a house in Orlando’s Mills 50 and Colonial Town, but discovered that the price was “ridiculous.”
He said he was selling 900 square feet in the area for more than $ 400,000.
“We decided to expand the area and found this house in Altamonte on the lake we fell in love,” he said. “If this is what we are trying to gain, I thought we could go a little more.”
Bowman said that he worked with Wood to buy a house, but was picked up in the latter half of 2024 and gave him more options during his search.
“We looked at Zillow and saw the six houses in the price range, so we got a lot of things,” he added.
Purchasing a house that was ready to move in was a priority for Danika Christian Sen, a living in Sanford, who purchased the first house with her husband in December. The couple also needed to see them beyond their first choice area, Oviedo, to find a house they could afford to buy, and did not need much work.
She said that many houses in the price range were old houses that needed to be renovated. Her husband was in the US Army and their families were in the area for only several years, so they did not want a project to become a project.
Christian Sen said their homes are located south of Orlando Sanford International Airport, costing $ 468,000.
“Sanford has provided a new house,” she said.
Wood said many buyers wanted the same. “If your house is not perfect, you have to wait for a good buyer to get a job.”
Jeffrey Turnbur, a professor of real estate economics at the University of Central Florida, said that the Housing Market in the Orlando area would experience the “modest price growth” next year.
Since employment is expected to grow, the demand for housing is maintained, and the construction cost is still higher, but it has not increased rapidly during pandemics. From May 2020 to June 2022, the cost of construction materials increased 22 % a year.
“The construction cost has been alleviated a little,” he said. “They haven’t returned near the place in front of the pandemic. I don’t think they’re going to get off, but they haven’t risen soon during the closure.”
Rose Kemp, a real estate agent and former President of the Real estate agent association, said that 2025 would be a strong year in the regional housing market.
“The seller is very in shape because the value has risen in the past few years, so it has a fairness at home,” said Kemp. “For buyers, the value is still a challenge, but the good news is to provide better negotiations on the purchase of buyers because of the rise.”
