Central Florida’s real estate market in June 2025 experienced a slight cooling, with a notable decrease in new listings and overall sales compared to May. Sellers are increasingly delisting properties, indicating a potential shift towards a buyer’s market as they adjust expectations on pricing. Despite these trends, the median home price remained stable, and interest rates saw a minor dip.
Key Market Trends
- New listings saw a significant drop of 8.4% from May to June, with 3,854 new homes entering the market.
- Overall sales decreased by 1.5%, totaling 2,513 sales in June.
- Pending sales also declined by 6.2%.
- Homes spent an average of 67 days on the market, a slight decrease from the previous month.
- The median home price held steady at $390,000.
- Interest rates decreased slightly to 6.7% from 6.8% in May.
Inventory and Supply
Central Florida’s housing inventory experienced a marginal decrease of 1.2% in June, standing at 13,793 homes. However, the supply of homes rose to 5.49 months, inching closer to the six-month mark that signifies a balanced market. This is a notable increase from June 2024, when the supply was only 4.15 months. The decline in new listings suggests that sellers are hesitant to list their homes if they are not receiving their desired prices.
Sales Snapshot by Property Type
- Single-Family Homes: Sales fell by 4.2% to 1,979 units in June, with a median price of $429,000. This is down from 2,049 sales in June 2024.
- Condos: Sales saw a substantial increase of 17.6%, with 281 units sold in June, and a median price of $195,000.
- Townhouses/Villas: Sales increased by 2.8% to 253 units, with a median price of $335,000.
- Distressed Homes: Sales of distressed properties, including bank-owned homes and short sales, accounted for 1.0% of all sales, marking an 18.2% increase from May.