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Orlando Housing Market

By Lisa McNatt

Orlando’s housing market is softening, with pricing and home sales down year over year

Home prices have moderated in Orlando over the past year alongside a rising trend in the broader U.S. market.

Homebuyers still have the edge, with sales down more than 5% in the past year

Home sales activity across the Orlando market has moderated year over year, but not enough to indicate structural instability. Home sales are down 5.2% year over year, with townhomes seeing the largest decline of more than 11%, placing Orlando in the top half of the nation’s 40 largest housing markets for home sales.

Mortgage rates remain above a comfortable threshold for many prospective buyers. At the same time, affordability has eroded following the sharp run-up in median sale prices between 2021 and 2022. However, competitive pressures have eased, providing buyers with more negotiating power and reducing the urgency that characterized the market in prior years.

Orlando inventory trails peer markets in Florida

The number of homes for sale declined year over year by 6.4% in the Orlando market, compared with a 4.3% increase nationwide. Orlando ranked 15th out of the top 40 markets in the nation for inventory, but it is well behind the number of homes for sale in the larger Tampa and Miami areas.

Condos for sale have seen the largest decline in the past year, down 12.2%, while townhomes for sale have dropped by more than 7%, and single-family homes for sale are down 5%. Homes are sitting on the market for an average of 77 days, ranking Orlando third in the nation for the longest time on the market.

Orlando median home price falls as townhomes see the sharpest year-over-year drop

The median home price in Orlando declined by 2.1% year over year to $411,000, ranking Orlando in the bottom three of the nation’s top 40 markets for annual price change alongside San Antonio and San Jose. Once again, no segment was spared, though the year-over-year change in single-family homes was limited to a drop of 1.6% to $443,000. Townhomes saw prices decline by 4.1% to $350,000, and condo pricing weakened by 2.8% to $189,500.


Bar charts showing the median sale price in Orlando at $411,000, active listings of 15,923, and 3,361 home sales as of May 2026.
In May, Orlando's median sale price was $411,000, while the inventory of homes for sale decreased to 15,923 and homes sales totaled 3,361.


Orlando Sale Prices

The median home sale price in Orlando decreased by 2.1% compared to the same time last year, while the national median price rose by 1.8%.

Orlando ranks 38th for annual median price change among the top 40 US markets

Orlando median home prices decreased by $9,000 year over year on a nominal basis in May to $411,000. Meanwhile, the national median home price increased by $7,000 to $395,000.

Orlando's median home price is above the nation's

Orlando was the 23rd highest-priced housing market among the top 40 largest markets last month. The Orlando median home price of $411,000 was 4.1% above the national median home price. Orlando's median home price in May compares to the market's peak of $420,000 recorded in May of 2025.

Orlando single-family prices decrease

The median price of Orlando single-family homes fell by $7,000 over the past year to $443,000, while the median townhome price declined by 4.1%, and the median condo price fell by 2.8%.


Dashboard-style chart shows Orlando median sale price $411,000, down 2.1% annually, decreasing $9,000, ranking 23rd nationally.
Orlando ranked 38th among the 40 largest U.S. markets for home price appreciation over the past year in May.


Bar chart shows Orlando home prices rising from roughly $240,000 in 2018 to about $411,000 in 2026, flattening recently.
Orlando's median home sale price was $411,000 in May.


Bar chart shows May sale prices increasing from $244,500 in 2018 to $411,000 in 2026, with slight recent pullback.
Orlando home prices decreased by 2.1% in May compared to the same month in 2025.


Column chart shows annual price growth peaking near 25.4% in 2022, slowing to negative 2.1% by 2026.
Orlando's annual median home sale price decrease of 2.1% in May compared to the 2.9% increase the year prior.


Horizontal bar chart ranking the nation's top 40 markets and indicating Orlando is 23rd for median home sale price in May.
At $411,000, Orlando ranked 23rd nationally for median home sale price in May.


Horizontal bar chart of metro price growth rates, showing Orlando among the lowest-performing markets.
Orlando ranked 38th among the 40 largest U.S. markets for home price appreciation over the past year in May, posting a 2.1% decrease.


Panel chart shows single-family homes at $443,000, townhomes at $350,000, and condos at $189,500, all posting negative annual growth rates
The median price of Orlando single-family homes fell by 1.6% over the past year to $443,000, while the median townhome price fell by 4.1% to $350,000, and the median condo price fell by 2.8% to $189,500.


Side-by-side bar charts show higher single-family pricing but all property types declining annually, led by townhomes at negative 4.1%.
The median price of Orlando single-family homes decreased by 1.6% year over year in May, while the median townhome price fell by 4.1%, and the median condo price fell by 2.8%.


Orlando Inventory

The number of homes for sale in Orlando decreased by 6.4% in May compared to the same time last year, while national homes for sale rose by 4.3%.

Orlando's inventory of homes for sale decreases

Orlando homes for sale fell by 1,094 year over year in May to 15,923 homes for sale. Orlando ranked 34th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in May.

Orlando homes for sale are above their pre-pandemic levels

Orlando homes for sale were above their pre-pandemic levels in the month of May. Orlando homes for sale were 16.8% above the May 2019 total of 13,635.

Orlando single-family inventory decreases

Orlando single-family homes for sale decreased by 5.0% to 11,332 in May. In comparison, townhomes for sale fell by 7.4% to 2,289, and condos for sale declined by 12.2% to 2,302.


Dashboard shows Orlando active listings at 15,923 in May 2026, down 6.4% year-over-year, declining by 1,094 units.
Orlando recorded 15,923 homes for sale in May, ranking 15th nationally, while inventory fell 6.4% year over year.


Bar chart shows Orlando active listings rising from roughly 12,000 in 2018 to about 16,000 in 2026 after pandemic dip.
Orlando inventory decreased by 6.4% year over year in May to 15,923 homes for sale.


Column chart shows annual change swinging from a decline near negative 5,000 in 2021 to modest declines of about 1,094 in 2026.
Orlando inventory decreased by 1,094 in May compared to the same period of last year, for a 6.4% annual decrease.


Column chart shows annual inventory growth peaking near 43.7% in 2024 before falling to negative 6.4% by 2026.
Orlando inventory decreased by 6.4% year over year in May, compared to a 22.6% annual increase in May 2025.


Horizontal bar chart ranks Orlando at 15,923 listings, placing mid-tier among top U.S. markets led by Houston near 43,687.
With 15,923 homes for sale in May, Orlando ranked 15th among the top 40 U.S. markets for inventory.


Bar chart shows Orlando declining 6.4% annually, underperforming most markets, while several metros post double-digit inventory gains.
Orlando's 6.4% annual change in homes for sale ranked the metro 34th among major U.S. markets.


Panel chart shows single-family listings at 11,332, townhomes at 2,289, and condos at 2,302, all declining annually, led by condos down 12.2%.
Orlando single-family homes for sale decreased by 592 in May to 11,332, while townhomes for sale fell by 183 to 2,289, and condo homes for sale declined by 319 to 2,302.


Two horizontal bar charts show Orlando active listings and annual change by property type, with single-family homes down 5.0% year over year as of May, followed by a decline in townhome listings of 7.4% and a dip in condos of 12.2%.
Over the past year, single-family homes for sale decreased by 5.0% in Orlando. In comparison, townhome inventory decreased by 7.4% and condo inventory fell by 12.2% over the same period.


Orlando Home Sales

The number of home sales in Orlando decreased by 5.2% in May compared to the same time last year, while national home sales dropped by 1.2%.

Orlando home sales decrease

Orlando home sales declined by 184 year over year on a nominal basis in May to 3,361. For context, 3,545 sales closed in Orlando in May 2025.

Orlando’s annual home sales activity change ranked 34th nationally

Orlando ranked 34th for the annual change in home sales out of the top 40 U.S. markets in May on a percentage basis. This year's May decrease of 5.2% compares to the 10.1% year-over-year decrease in May 2025.

Single-family sales in Orlando are lower than a year ago

Orlando single-family sales decreased by 4.6% in May to 2,685. In comparison, townhome sales fell by 11.3% to 414, and condo sales fell by 1.1% to 262.


Dashboard shows Orlando home sales at 3,361 in May 2026, down 5.2% annually, declining by 184 sales.
Orlando home sales declined by 5.2% year over year, ranking 34th among the nation's 40 largest housing markets.


Column chart shows Orlando home sales fluctuating between roughly 2,500 and 5,200 since 2018, trending lower into 2026.
Home sales in Orlando totaled 3,361 in May, 184 fewer than in May 2025.


Column chart shows annual growth peaking near 73.0% in 2021 before declining to negative 5.2% by 2026.
The number of Orlando homes sold in May was down by 5.2% compared to the same month in 2025.


Column chart shows volatility, including a 40.7% drop in 2020, 73.0% surge in 2021, then consistent declines through 2026.
The 5.2% annual decrease in the number of homes sold in Orlando in May compares to a 10.1% decrease in May 2025.


Horizontal bar chart ranks Orlando at 3,361 sales in May 2026, mid-tier among markets led by Chicago near 9,512.
In May, 3,361 homes sold in Orlando, ranking it 18th among top 40 U.S. markets.


Bar chart shows Orlando declining 5.2% annually, underperforming many markets while several post modest positive growth.
Orlando's 5.2% year-over-year decrease in home sales ranked 34th among the top 40 markets nationally.


Panel chart shows single-family home sales at 2,685, townhome sales at 414, and condo sales at 262, all declining annually.
Orlando recorded 2,685 single-family home sales in May, 414 townhome sales, and 262 condo sales.


Two horizontal bar charts show Orlando home sales and annual change by property type, with single-family homes down 4.6% year over year as of May, followed by a decline in townhome listings of 11.3% and a dip in condo sales of 1.1%.
The number of Orlando single-family home sales decreased by 4.6% year over year in May, while townhome sales fell by 11.3%, and condo sales decreased by 1.1%.


For questions and commentary about this report:

Lisa McNatt, Senior Director of Market Analytics at CoStar and Homes.com, based in Orlando, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Lisa McNatt

Senior Director of Market Analytics

Homes.com

lmcnatt@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Orlando during May 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.

Writer
Lisa McNatt

Lisa McNatt is the Senior Director of Market Analytics for CoStar and Homes.com for the Central and North Florida markets. She provides insights into home prices, inventory levels, rental conditions, and economic factors shaping the housing market. Before joining CoStar, Lisa developed and led the research department for Avison Young’s Florida operations and has a deep breadth of experience analyzing market conditions across the state. Lisa earned a Bachelor of Arts in International Studies from the University of South Florida in Tampa and is a frequent media contributor and thought leader in the Orlando market. Her work has appeared in Real Estate Forum, Southeast Real Estate Business, Orlando Business Journal, and Orlando Sentinel, among others.

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