The Orlando housing market continues to trend upward, according to the latest forecast by Realtor.com.
The real estate website placed Orlando at No. 6 on a list ranking the nation’s 100 largest metros for expected year-over-year growth rates of existing home sales and median sale prices in 2025.
It predicts increases of 15.2% for home sales and 12.1% for median sales prices across the Orlando metro next year. As of November, the median sale price in Orlando was $379,154, according to the latest data from Zillow.
Statewide, Miami was the only other Florida metro that also ranked within the top 10, coming in at No. 2, with predicted increases of 24% for home sales and 9% for prices.
Other Central Florida predictions include increases for:
- Deltona-Daytona Beach: 7.2% home sales, 11.5% prices
- Palm Bay-Melbourne: 0.8% home sales, 9.6% prices
Nationally, Realtor.com projects a 1.5% increase in home sales and a 3.7% uptick in prices in 2025. Across the top 100 metros, sales are expected to rise by 7.8% and prices by 7.4%.
Overall, buyers and sellers should expect to see a more balanced market in 2025.
Homebuyers dealing with high interest rates might see some positive changes in 2025. There could be more homes for sale than at any time since late 2019, and nearly 20% of listings might come with price cuts, making the market a bit more favorable for buyers.
While mortgage rates are expected to improve slightly, the changes likely won’t be enough to create a seller’s market again. Buyers can look forward to less competition, but homes will still be pricey because of high rates and home prices.
Realtor.com stated that potential new federal policy under incoming President Donald Trump could affect everything from mortgage rates to supply and affordability. One such proposal from Trump for improving the housing shortage is to make more federal land available for homebuilding.
However, Realtor.com expects broader economic factors to impact the housing market most.
Click here to read the full story on the Orlando Business Journal’s website.
