Orlando Housing Insights & Trends: December Market Recap

December 2024 brought notable developments in Orlando's housing market, balancing opportunities for both buyers and sellers. Closed sales increased to 2,154, an 8.7% rise compared to last year, while active listings grew by 28.2% to 10,049, offering more options for buyers. With the median sale price climbing to $380,000—a 3.5% increase—now is a great time to explore the real estate market.

Originally published on January 21st, 2025. Updated for accuracy.

Median Home Prices:

The median home price in December reached $380,000, up 3.5% from $367,250 in December 2023. This continued growth underscores the strength of Orlando’s housing market, making it a wise choice for long-term investment.

Sales Performance:

Closed sales rose by 8.7% year-over-year, reflecting a total of 2,154 homes sold in December. This increase signals a return of buyer confidence as the market stabilizes heading into 2025.

Inventory Dynamics:

Active listings decreased from November but remained significantly higher year-over-year, reaching 10,049—a 28.2% increase from December 2023. This expanded inventory provides buyers with more options, supporting a balanced market environment.

Interest Rates:

Interest rates declined slightly to 6.53% in December, down from 6.7% in November, and remained lower than December 2023’s 6.59%. This slight dip makes homeownership slightly more affordable for buyers ready to act now.

Market Trends:

2024 marked a historic high in Orlando’s overall median home price, averaging $385,000—a 3.9% increase from 2023. With inventory closing at 10,049 in December and interest rates stabilizing, the market is positioned for steady activity in 2025.

Key Takeaways:

December 2024 highlighted Orlando's evolving real estate market, with rising median prices and expanding inventory. Whether you're buying or selling, now is the time to prepare for the opportunities awaiting in 2025.

Market Stats Comparison: December 2024 vs. December 2023

Active Listings: 10,049 vs. 7,838, 28.2% increase

Closed Sales: 2,154 vs. 1,982, 8.7% increase

Median Sale Price: $380,000 vs. $367,250, 3.5% increase

Interest Rates: 6.53% vs. 6.59%

Avg. Days on Market: 68 vs. 49, 38.8% increase

Connect with Aponte Group:

With the market stabilizing and new trends emerging, Aponte Group is ready to help you navigate your next real estate journey. Contact us today to achieve your real estate goals!