Central Florida News
Orlando Area Residential Real Estate Snapshot for July 2024
Published
2 years agoon
ORLANDO, Fla. (FNN) – New Orlando Regional REALTOR® Association data shows market continues to stabilize for homebuyers as inventory increases for seventh month in a row.
State of the Market
- July’s interest rate was recorded at 6.6%, down from 6.7% in June.
- In ORRA’s new survey of Orlando REALTORS, 52% of respondents cited interest rates as the top challenge for buyers, causing some buyers to wait out purchasing homes right now or look at lower price points.
- The median home price for July was recorded at $390,000, down from $395,000 in June. June was the highest monthly median home price on record in the Orlando area.
- Home prices were cited as the second biggest issue facing buyers in ORRA’s new survey.
- Inventory for July was recorded at 11,158, up 3.4% from June when inventory was recorded at 10,796. This is the seventh month in a row inventory has risen. The last time inventory was this high was November 2015.
- Inventory in July 2024 was 95.1% higher than in July 2023.
- Overall sales rose 2.0% from June to July. There were 2,652 sales in July, up from 2,601 sales in June.
- Pending sales rose by 1.5%, with 3,940 in June and 3,999 in July.
- New listings fell 1.8% from June to July, with 4,067 new homes on the market in July, compared to 4,143 in June.
- Homes spent an average of 55 days on the market (DOM) in July – up from 54 in June. This is 41.0% higher than July 2023 when homes spent an average of 39 days on the market.
- 72% of survey respondents reported that most homes are moving from sale to pending in 21+ days, up significantly from last year.
- “July represented another strong month in the housing market as many families worked to squeeze in their moves before the start of the new school year. We continued to see an increase in inventory and sales as the Orlando housing market continues to stabilize,” said Rose Kemp, Orlando Regional REALTOR® Association President. “Interest rates are still holding steady in the mid-upper 6.0% range. The current market conditions offer more options for buyers along with new potential negotiating opportunities. Realtors are key to the success of a buyer and seller transaction.”
Market Snapshot
- Interest rates fell from 6.7% in June to 6.6% in July.
- Pending sales rose 1.5%, with 3,940 in June and 3,999 in July.
- 25 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in July. This is the same number of distressed homes that sold in June.
Inventory
- Orlando area inventory rose 3.4% from June to July. Inventory in June was 10,796, and inventory in July was 11,158.
- The supply of homes rose to 4.21 months in July, up 1.4% from 4.15 months in June. A balanced market is six months of supply.
- The number of new listings decreased from June to July by 1.8% – from 4,143 homes to 4,067 homes.
ORRA’s full State of the Market Report for July can be found here.
This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.
ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.
Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.
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Central Florida News
Orlando Begins Fiscal Year 2026-27 Budget Review, Addresses Property Tax Reform and Future Spending
Published
2 weeks agoon
July 10, 2026
ORLANDO, Fla. (FNN NEWS) — The City of Orlando will officially begin its Fiscal Year 2026-27 budget process on Monday, July 13, with a public budget workshop outlining Mayor Buddy Dyer’s proposed spending plan for the coming fiscal year.
City officials said the proposed budget is balanced, does not increase the city’s millage rate, and continues to prioritize the core municipal services residents rely on every day.
Budget Workshop Scheduled for July 13
The budget process begins with a workshop at 10 a.m. in the City Council Chambers on the second floor of Orlando City Hall.
During the workshop, Mayor Buddy Dyer and members of the Orlando City Council will receive an overview of the proposed Fiscal Year 2026-27 budget from Chief Financial Officer Jose Fernandez and Assistant Chief Financial Officer Jason Wojkiewicz.
In addition to presenting the proposed spending plan, city financial officials will discuss proposed property tax reform and its potential impact on future city budgets and long-term financial planning.
Public Hearings Scheduled for September
Following the budget workshop, Orlando residents will have opportunities to provide public input during two public hearings in September.
Budget Hearing No. 1
Monday, Sept. 14, 2026
5:01 p.m.
City Council Chambers, Orlando City Hall
During the first hearing, the City Council is expected to adopt a proposed millage rate and establish a tentative Fiscal Year 2026-27 budget and Capital Improvement Program.
Budget Hearing No. 2
Monday, Sept. 28, 2026
5:01 p.m.
City Council Chambers, Orlando City Hall
The second and final public hearing will include the City Council’s vote to adopt the final millage rate, Fiscal Year 2026-27 budget and Capital Improvement Program.
Budget Takes Effect Oct. 1
If approved, Orlando’s Fiscal Year 2026-27 budget will take effect on Thursday, Oct. 1, 2026, marking the beginning of the city’s new fiscal year.
FY 2026-27 Budget Timeline
- Monday, July 13 — Budget Workshop (10 a.m.)
- Monday, Sept. 14 — First Public Budget Hearing (5:01 p.m.)
- Monday, Sept. 28 — Final Public Budget Hearing and Adoption Vote (5:01 p.m.)
- Thursday, Oct. 1 — Fiscal Year 2026-27 Budget Implementation
The annual budget process establishes funding priorities for city operations, public safety, transportation, parks, infrastructure, capital improvements and other municipal services while determining the city’s property tax rate for the upcoming fiscal year.
Central Florida News
Orlando Police Arrest Three Following Shooting at West Lakes Apartment Complex
Published
2 weeks agoon
July 10, 2026
ORLANDO, Fla. (FNN NEWS) — Orlando Police arrested three suspects Thursday following a shooting at the Pendana at West Lakes Club Apartments that led to a high-speed pursuit spanning Orange and Seminole counties.
Police said no injuries were reported despite multiple rounds being fired during the incident.
Shooting Reported at Apartment Complex
According to the Orlando Police Department (OPD), officers responded at approximately 3:50 p.m. Thursday, July 9, to the 2000 block of Orange Center Boulevard after receiving reports of gunfire at the Pendana at West Lakes Club Apartments.
During the investigation, detectives reviewed surveillance video showing occupants of a black sedan and a black SUV firing multiple rounds at two individuals riding scooters through the apartment complex.
Investigators said everyone involved fled the scene before officers arrived.
Police Locate Suspect Vehicles
Shortly after the shooting, Orlando officers located both suspect vehicles in the North Pine Hills area.
With assistance from the Orange County Sheriff’s Office (OCSO), officers conducted a traffic stop on the black sedan and detained two suspects without incident.
Officers later located the black SUV and attempted a traffic stop, but the driver refused to stop, triggering a police pursuit.
Helicopter Assists During Pursuit
The Orange County Sheriff’s Office Aviation Unit tracked the fleeing SUV from the air while directing responding officers on the ground.
The pursuit ended in Altamonte Springs, where the driver stopped in front of a Burlington Coat Factory, abandoned the vehicle and attempted to flee on foot.
Orlando Police officers quickly apprehended the suspect.
Three Suspects Arrested
Police identified the suspects as:
Jacorey Lowery (DOB: July 8, 2006)
Charges:
- Attempted Felony Murder (Firearm/Discharge)
- Discharging a Firearm at Residential Property
Quincy Desponosse (DOB: April 21, 2008)
Charge:
- Principal to Attempted First-Degree Murder
Semaj Blackshear
Charges:
- Principal to Attempted Felony Murder with a Firearm
- Fleeing and Eluding Law Enforcement at High Speed with Disregard for Public Safety or Property
- Resisting an Officer Without Violence
- Juvenile Violation of Probation
None of the Suspects Lived at the Complex
Investigators determined that none of the three individuals arrested were residents of the Pendana at West Lakes Club Apartments.
Police have not released information regarding a possible motive or whether the suspects knew the two individuals on the scooters.
Investigation Continues
The Orlando Police Department said the investigation remains active.
Anyone with information about the shooting is urged to contact the Orlando Police Department or Crimeline at 800-423-TIPS (8477).
Central Florida News
Labor Unions Back Samuel Vilchez Santiago as Democratic Primary Battle With Daisy Morales Intensifies
Published
2 weeks agoon
July 9, 2026
ORLANDO, Fla. (FNN NEWS) — Democratic candidate Samuel Vilchez Santiago has announced endorsements from a coalition of labor organizations as he seeks the Democratic nomination for Florida House District 43, setting up a high-profile primary contest against former State Rep. Daisy Morales.
The endorsements come as both candidates intensify their campaigns ahead of Florida’s Aug. 18 Democratic Primary, where voters will decide who advances to the November general election.
Broad Labor Coalition Backs Vilchez Santiago
Vilchez Santiago announced support from 12 labor organizations representing workers in education, healthcare, public safety, transportation, construction and other industries.
The endorsing organizations include:
- Florida AFL-CIO
- Central Florida AFL-CIO
- SEIU Florida
- Florida Education Association
- Orange County Fire Fighters Association
- United Food and Commercial Workers Local 1625
- Orange County Classroom Teachers Association
- United Auto Workers
- International Brotherhood of Electrical Workers Local 606
- Laborers’ International Union of North America Local 517
- SMART Transportation Division PAC
- Amalgamated Transit Union Local 1596
Vilchez Santiago: ‘These Endorsements Are Deeply Personal’
In announcing the endorsements, Vilchez Santiago said organized labor has shaped both his family’s experience and his policy priorities.
“I am incredibly honored to earn the support of these outstanding labor organizations,” Vilchez Santiago said.
He added:
“These endorsements are deeply personal to me. As someone who grew up in a union household, I understand firsthand that unions create pathways into the middle class and give working families the opportunity to build a better future.”
Vilchez Santiago pledged to continue advocating for workers’ rights if elected to the Florida House.
Primary Contest Revives Familiar Political Rivalry
The endorsements add another chapter to an increasingly competitive Democratic primary between Vilchez Santiago and Morales.
The two candidates previously faced each other in the 2020 Democratic primary for what was then Florida House District 48. Morales defeated Vilchez Santiago and went on to win the general election, serving one term in the Florida House from 2020 to 2022.
Following legislative redistricting, both candidates are now seeking the Democratic nomination in House District 43, creating a rematch between two well-known Democratic figures in Central Florida politics.
Competing Messages to Democratic Voters
Vilchez Santiago has centered his campaign on issues including workers’ rights, affordable housing, healthcare access and support for organized labor.
Morales has emphasized her legislative record, highlighting more than 110 bills she sponsored or co-sponsored that became law, as well as funding secured for local projects during her time in office. Her campaign has argued that voters should compare legislative accomplishments and experience when choosing their next state representative.
The labor endorsements provide Vilchez Santiago with additional organizational support as both campaigns work to mobilize Democratic voters before early voting begins.
Key Background
Samuel Vilchez Santiago
- Democrat seeking election to Florida House District 43.
- Former chairman of the Orange County Democratic Party.
- Previously served as Senior Manager at ActBlue.
- Was the Democratic nominee defeated by Daisy Morales in the 2020 House District 48 primary.
Daisy Morales
- Former Florida State Representative (2020–2022).
- Former Orange County Soil & Water Conservation District Supervisor.
- Campaigning on her legislative experience, bipartisan accomplishments and record of securing funding for Central Florida communities.
Race to Watch
Florida House District 43 is expected to be one of Central Florida’s most closely watched Democratic legislative primaries.
With endorsements, fundraising and voter outreach accelerating, both candidates are expected to continue drawing support from elected officials, community organizations and advocacy groups throughout the campaign.
The Democratic primary will be held Aug. 18, 2026, with early voting scheduled for Aug. 3–16. The winner will advance to the Nov. 3, 2026, general election.
