Orlando Area Q1 2025 Real Estate Market Update: Rates, Inventory & Prices

Hey everyone! Q1 of 2025 is officially in the books, and there’s a lot to unpack in our Central Florida real estate market. Whether you’re buying, selling, or just curious, here’s the low-down on interest rates, supply, pricing, and how fast homes are moving.

🔍 Interest Rates on the Rise

As of May 1, 2025, the average 30-year mortgage rate sits at 6.76%. That’s a bump from where we were a few months ago, and it means monthly payments are a bit higher for buyers. If you’re on the fence, locking in sooner rather than later could save you thousands over the life of your loan.

🏠 Months of Supply: Who’s in Control?

Months of supply tells us how long it would take to sell current inventory at the current pace of sales.

• 0–6 months = Seller’s market (low supply, rising prices)
• 6–7 months = Neutral market
• 7+ months = Buyer’s market (more choices, potential price pressure)

In Q1:

• All property types: 4.7 months of supply — still firmly a seller’s market.

• Single-family homes: 4.1 months of supply — plenty of competition for houses.

• Condos & townhomes: 6.7 months of supply — creeping up into neutral territory thanks to HOA fee hikes, special assessments, and tighter financing rules.

💰 Average Sale Prices: What Buyers Paid

Across the board, buyers paid an average of $498,200. Breaking it down:

• Single-family homes: $559,122

• Condos & townhomes: $334,268

Even with higher interest rates, home values are holding strong, especially for detached houses.

⏱️ How Fast Are Homes Selling?

Speed matters! Here’s how long it took to sell a property in Q1:

• All property types: 94 days on market (median)

• Single-family homes: 91 days

• Condos & townhomes: 104 days

If you’ve been waiting for a slower market, condos and townhomes are catching a little breather, but single-family homes are still moving briskly.

📈 What’s Next?

With rates hovering near 7% and supply still tight for houses, Q2 should remain active. Buyers—think strategically about locking rates and be ready to move quickly. Sellers—your timing is still solid, but pricing competitively will keep your home selling fast.

Curious how this translates for your neighborhood or property type? Shoot me a message and I’ll pull a custom market report just for you. Whether you’re buying, selling, or investing, staying informed is key to making the best move.

That’s your Q1 snapshot! Thanks for reading, and I’m here anytime to dive deeper or answer questions. Let’s make the next quarter even stronger!

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