Section Image

Home prices, sales tick up in Central Florida

Orlando's market sees some of country's highest price appreciations in July

Median home prices in Orlando rose 2.4% in July, on a year-over-year basis. (Getty Images)
Median home prices in Orlando rose 2.4% in July, on a year-over-year basis. (Getty Images)

Home prices are rebounding in Central Florida after a dip, as sales rise and inventory inches downward.

In July, the median home price in metro Orlando rose 2.4% year-over-year to $420,000, outpacing the national median price of $393,000, according to Homes.com data.

The price appreciation was the 20th highest for major markets around the country. Orlando was the only market in Florida to crack the Top 20 for the month.

The performance marks a turnaround from June, when home prices fell 1.2% from the previous year, to $410,000.

Properties currently on the market range from an 884-square-foot, three-bedroom “investment opportunity” in west Orlando for $160,000 to a five-bedroom mansion in Windermere’s exclusive Isleworth Country Club for $14.25 million.

Single-family detached homes had a median price of $445,000, followed by $359,900 for attached homes, according to Homes.com. The median price for condos was $190,000, a 12.5% drop year-over-year as Florida’s condo market continues to struggle with recent requirements mandated by the state.

“July Homes.com data showed that while the average price increase across the market indicated a solid gain, pricing for attached housing and condos remains under pressure,” said Lisa McNatt, director of market analytics for Homes.com in Orlando. “Insurance coverage for these product types is a factor, particularly for condos with both shared walls and ceilings. The inability to control annual assessments and high HOA fees have also had an impact on buyer appetite for both housing types.”

Sales move higher

July also saw a slight uptick in sales as 2,551 transactions closed last month compared to 2,513 in June, according to a report from the Orlando Regional Realtor Association. However, that number is still down 4% on a year-over-year basis.

Association President Lawrence Bellido attributed the improving market conditions to a fall in mortgage interest rates, which dropped to 6.58% in the month, their lowest level in 2025, according to the Federal Reserve Bank of St. Louis.

“As we move into the final months of summer, this drop could help reinvigorate the market by increasing affordability and bringing some hesitant buyers back into the mix,” Bellido said in a statement.

The average number of days a listing has been on market increased to 69 from 55 in July 2024, according to the association.

The Orlando suburb of Maitland, Florida, saw the largest price increase of 68.3% over the previous year, according to Homes.com. The second-largest increase, 45.3%, went to Lady Lake, a small town on the western edge of Lake County near The Villages, a massive master planned retirement community.

Orlando-based real estate agent Alexei Morgado noted that Lake and other largely rural counties have seen heavy levels of home development in the post-pandemic market.

“Much of the new development is happening in Polk, Lake, Osceola and Marion counties, primarily because of availability of land, more reasonable insurance and good connections to employment corridors such as I-4,” he wrote in an email to Homes.com.

Writer
Trevor Fraser

Trevor Fraser is a staff writer for Homes.com with over 20 years of experience in Central Florida. He lives in Orlando with his wife and pets, and holds a master's in urban planning from Rollins College. Trevor is passionate about documenting Orlando's development.

Read Full Bio