Central Florida Residential Market Report - Q4 2024

The Central Florida residential real estate market continued to show resilience in Q4 2024, with stabilizing prices and improving inventory conditions creating new opportunities for both buyers and sellers.

Key Market Indicators

Price Trends by County

Orange County led the region with the highest median price at $425,000, followed by Seminole County at $410,000. Osceola and Polk counties offered more affordable options with median prices of $350,000 and $320,000 respectively.

Inventory Analysis

Active listings increased by 12% compared to Q4 2023, signaling a gradual shift toward a more balanced market. New construction continues to play a significant role, particularly in the I-4 corridor communities.

2025 Outlook

We anticipate continued price moderation in the first half of 2025, with potential for increased activity as mortgage rates stabilize. The region's strong employment growth and population influx remain key drivers of housing demand.

Implications for Appraisals

With market conditions normalizing, accurate comparable selection becomes increasingly important. Our appraisers are seeing more nuanced adjustments required for property condition, lot size, and upgrade quality. Contact ROI Home Services for a professional appraisal that reflects current market conditions.