The Orlando, FL metro area housing market in January 2025 presents a complex landscape, characterized by a mix of declining and rising metrics. The Median Sales Price for homes in the region stands at $400,000, reflecting a year-over-year decrease of 1.2%. Conversely, the Median List Price has increased by 2.2% to $415,000, indicating a potential gap between seller expectations and buyer willingness.

In terms of Price Per Square Foot, the median price is $223.58, showing a slight year-over-year increase of 0.3%. The Median List Price per square foot is $232.81, up by 1.1% from the previous year. These figures suggest a modest appreciation in property values, albeit at a slower pace than list prices.

The number of Homes Sold in January 2025 is 2,329, marking a slight decline of 0.6% compared to the previous year. Pending Sales have experienced a more significant drop of 8.7%, totaling 3,559. This decline in Pending Sales could indicate a cooling demand in the market.

New Listings have surged by 10.2% year-over-year, reaching 4,730. This increase in New Listings, coupled with a substantial 28.9% rise in inventory to 13,083, suggests that more properties are entering the market, potentially leading to increased competition among sellers.

The Months of Supply have dramatically increased by 130% to 5.6 months, indicating a shift towards a more balanced market. Homes are taking longer to sell, with the Median Days on Market rising by 16% to 61 days.

The average sale to list ratio is 97.1%, showing a slight decrease of 0.1% from the previous year. The percentage of Homes Sold above list price has dropped by 3.2% to 9.8%, suggesting that fewer buyers are willing to pay premiums. Price Drops have increased by 1.2% to 33.4%, reflecting potential adjustments by sellers to align with market conditions.

Lastly, the percentage of homes going off the market within two weeks has decreased by 3.4% to 22.3%, indicating a slower pace of transactions. Overall, the Orlando housing market in January 2025 is characterized by increased inventory and New Listings, alongside a decline in sales and pending transactions, pointing towards a market in transition.