Business

Orlando Area Residential Real Estate Snapshot for March 2024

Published

2 years ago

April 22, 2024

Willie David

State of the Market

Overall sales rose 17.7% from February to March. There were 2,559 sales in March, up from 2,174 sales in February.
The median home price for March was recorded at $386,500, up from $377,000 in February. The highest monthly median home price on record in the Orlando area was $387,000 in June 2022.
Pending sales increased by 9.4%, with 3,891 in February and 4,257 in March.
New listings rose 8.6% from February to March, with 4,124 new homes on the market in March, compared to 3,799 in February.
Inventory for March was recorded at 8,971, up 4.4% from February when inventory was recorded at 8,589.
March’s interest rate was recorded at 6.7%, up slightly from 6.6% in February.
Homes spent an average of 58 days on the market (DOM) in March – up slightly from February.
“The busy spring season for the real estate market is in full swing,” said Rose Kemp, Orlando Regional REALTOR® Association President. “We’ve seen a steady increase in sales, median home price and inventory every month this year. Our median home price in March was very close to our peak from June 2022, so it will be interesting to see how these high prices affect the market in the coming months.”

Market Snapshot

Interest rates rose from 6.6% in February to 6.7% in March.
Pending sales rose 9.4%, with 3,891 in February and 4,257 in March.
23 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in March. That represents an 8.0% decrease from February when 25 distressed homes sold.

Inventory

Orlando area inventory increased 4.4% from February to March. Inventory in February was 8,589, and inventory in March was 8,971.
The supply of homes fell to 3.51 months in March, down 11.3% from 3.95 months in February. A balanced market is six months of supply.

The number of new listings increased from February to March by 8.6% – from 3,799 homes to 4,124 homes.

ORRA’s full State of the Market Report for March 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.

Up Next

GoDaddy Founder Reveals Untold Story of Traumatic Upbringing, Military Service and Entrepreneurial Journey

Don't Miss

Mobil 1 Marks 50th Anniversary with Celebratory Racing Liveries Throughout 2024 Motorsports Season

Click to comment

Business

Florida Eye Microsurgical Institute, Mitchell Refractive Surgery & Eye Center Welcome Dr. Anna Walker

Published

2 days ago

July 6, 2026

FNN NEWS

$Florida Eye Microsurgical Institute, Mitchell Refractive Surgery & Eye Center Welcome Dr. Anna Walker$

BOYNTON BEACH, Fla. (FNN NEWS) — Florida Eye Microsurgical Institute (FEMI) and Mitchell Refractive Surgery & Eye Center (MRSE) have announced the addition of optometrist Dr. Anna Walker to their medical teams, expanding comprehensive eye care services for patients across Palm Beach County.

Walker provides comprehensive eye care for patients of all ages, specializing in primary eye care, ocular disease management, specialty contact lenses and intense pulsed light (IPL) therapy. Her practice focuses on preventive eye health through comprehensive examinations, advanced diagnostic technology and individualized treatment plans.

“Dr. Walker brings excellent clinical training and a compassionate approach to patient care,” said Omayra Alvarado, practice administrator for FEMI. “We are confident she will help further our mission of delivering exceptional eye care across South Florida.”

Walker earned her Doctor of Optometry degree from the New England College of Optometry after receiving a Bachelor of Arts in biology from Stonehill College. She completed her residency at the Malcolm Randall VA Medical Center, where she specialized in comprehensive optometric care with an emphasis on ocular disease management and specialty contact lenses.

Her clinical training also includes refractive surgery co-management, IPL therapy and advanced diagnostic techniques. Walker is certified in laser procedures and injections through the New England College of Optometry.

According to the practices, Walker combines advanced clinical expertise with a personalized approach to patient care, focusing on preserving long-term eye health and improving patients’ quality of life.

Walker will see patients at Florida Eye Microsurgical Institute’s East Boynton Beach office on Tuesdays, Wednesdays and Thursdays, and at Mitchell Refractive Surgery & Eye Center in Boca Raton on Mondays and Fridays.

Patients interested in scheduling routine eye examinations or establishing ongoing eye care with Dr. Walker can learn more by visiting Florida Eye Microsurgical Institute or Mitchell Refractive Surgery & Eye Center.

Business

U.S. Marine Veteran Receives Refurbished Vehicle Through NABC Recycled Rides Program

Published

4 weeks ago

June 12, 2026

FNN NEWS

DAVIE, Fla. (FNN NEWS) — A U.S. Marine Corps veteran and his family received a life-changing gift on June 11 when they were presented with a fully refurbished vehicle through the National Auto Body Council’s (NABC) Recycled Rides® program.

The donation was made possible through a partnership between vehicle donor Allstate, repair partner Crash Champions, and several industry sponsors. The presentation took place at Crash Champions’ Davie, Florida, collision repair center.

Veteran Receives Reliable Transportation

The recipient, Sergio Hernandez, was nominated by the Wounded Warrior Project, one of the nation’s leading veterans service organizations dedicated to supporting post-9/11 veterans, active-duty service members and their families.

Hernandez and his wife received a refurbished 2018 Toyota RAV4 donated by Allstate and restored by Crash Champions technicians.

“This vehicle is beautiful, super clean, just near mint,” Hernandez said. “Reliability is a huge thing. This will take a burden off our shoulders not having to worry about maintenance or any of the issues we were having with prior vehicles. I’m truly grateful for it.”

From Military Service to Civilian Life

Hernandez served in the United States Marine Corps beginning in 2015, with assignments in South Korea, Japan and the Philippines. During his service, he suffered a back injury that required extensive therapy and rehabilitation.

After leaving the military, Hernandez used GI Bill benefits to earn a bachelor’s degree in business management. However, transportation challenges remained a significant obstacle for his growing family.

With a non-operational vehicle and mounting repair costs, reliable transportation had become a pressing need. The donated vehicle will help Hernandez commute to work, attend family appointments and provide safe transportation for his wife and two young children.

Industry Partners Make a Difference

Allstate has donated more than 300 vehicles through the NABC Recycled Rides® program, making it one of the program’s largest vehicle donors.

Crash Champions has also played a major role, gifting more than 250 vehicles to individuals and organizations in need through the initiative.

Additional partners supporting the donation included Enterprise, Tire Kingdom, AutoZone, J&A Auto Restore, ATE, Advanced Remarketing Services, Copart and Cars for Charity.

Business

Orlando Regional REALTOR Association Event Highlights Orange County Growth, Housing Trends and Economic Outlook

Published

3 months ago

April 19, 2026

Willie David

Credit ORRA: Maria Henson — Senior Director of Market Research & Insights, Visit Orlando

ORLANDO, Fla. (FNN) — The Orlando Regional REALTOR Association (ORRA) hosted its second annual State of Real Estate event for Orange County on April 17, bringing together industry professionals, policymakers and community leaders to examine the region’s housing market and economic outlook.

Held at ORRA’s headquarters in Orlando, the event focused on the evolving dynamics of residential and commercial real estate across Central Florida. Discussions centered on housing affordability, economic growth and long-term regional development.

Speakers and Panelists

Lawrence Yun — Chief Economist, National Association of REALTORS
Maria Henson — Senior Director of Market Research & Insights, Visit Orlando
Racquel Asa — Head of External Affairs, Central Florida Expressway Authority
Amy Mercado — Property Appraiser, Orange County
Chris Atwell — Moderator, 2026 ORRA President

Industry experts said Central Florida’s economy continues to grow, though at a more measured pace. While housing and stock market wealth remain near record highs, job growth is softening, consumer sentiment has declined and loan defaults are rising — creating a market shaped by mixed signals.

Panelists noted the housing market has shifted into a more stable phase compared to the rapid growth seen during 2020 and 2021, with more balance and sustainable conditions.

Despite short-term fluctuations, long-term fundamentals remain strong. Orange County’s tax base has grown significantly since 2023, while the broader Central Florida region has experienced a 23% population increase over the past decade, with more than 1,200 people moving to the area each week.

Infrastructure and tourism were also highlighted as key drivers of future growth. Officials pointed to major roadway investments by the Central Florida Expressway Authority and the region’s continued strength as a tourism hub, drawing more than 75 million visitors in 2024.

“We’re operating in a global economy where interest rates, supply chains and migration policies all influence what happens at the local level,” said ORRA CEO Cliff Long.

Economic Trends Show Mixed Signals
Experts emphasized that strong asset values are being offset by softer job growth and declining consumer confidence.

Housing Market Enters Stable Phase
The market has transitioned from pandemic-driven volatility to a more balanced and sustainable pace.

Growth, Infrastructure and Tourism Drive Future
Population growth, infrastructure investment and tourism continue to support long-term expansion in Central Florida.

ORRA’s Impact and Benefits on the Real Estate Industry

The Orlando Regional REALTOR Association provides critical market insights, advocacy and professional resources for REALTORS® across Central Florida. Its events foster collaboration between industry leaders, policymakers and the community, helping guide responsible growth, inform housing policy and strengthen the regional real estate market.