The Orlando housing market is experiencing significant shifts, with inventory reaching an 8-year high and unsold homes increasing by 60% year-over-year. Nearly 29% of listings have undergone price cuts, with some areas seeing reductions of up to 57%. Despite mortgage rates dropping to the high 5% range, affordability remains a major issue for buyers, particularly in the $200K-$450K price range. Higher-end markets ($1M+) are faring slightly better but are still lagging. A slowdown in cash buyers and increasing economic uncertainty could further impact home prices. The market is shifting to favor buyers, with falling asking prices signaling more opportunities ahead.