The Orlando housing market is undergoing significant changes, with unsold homes increasing dramatically and buyers remaining hesitant despite slightly lower interest rates. Builders are offering substantial incentives, but affordability challenges persist due to high HOA fees, insurance costs, and inflation. The market is seeing a 61% surge in unsold inventory, with the 3-4 million price range particularly oversupplied. Home prices are starting to drop, and sellers are reducing prices more frequently, with median asking prices down nearly 4%. The slowdown is reflected in longer time-to-sale and increased supply, with months of inventory reaching levels not seen since 2015. While some buyers can find deals in this environment, sellers are encouraged to act quickly before further potential declines. Both buyers and sellers are advised to base decisions on thorough research and market data to navigate this shifting landscape effectively.

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