Orlando State of the Market February 2026
March 18th, 2026 by tisner
State of the Market
“After several years of elevated borrowing costs, seeing interest rates dip into the 5.0%- range again is an encouraging signal for buyers,” said Chris Atwell, 2026 president of the Orlando Regional REALTOR® Association. “When you combine lower rates with homes spending more time on the market, buyers have more leverage than they’ve had in years. This environment fosters opportunities to negotiate on price, request seller-paid closing costs, and ultimately find the right home at a pace and structure that gives buyers confidence in their decision. Conversely, a downward trajectory of mortgage rates will likely bring more buyers activating into the market as housing becomes more attainable. Increased demand with similar supply eventually shifts the advantage back to the sellers.”
The median home price for February was recorded at $375,000, up 1.4% from January’s median home price of $370,000.
Overall sales rose by 15.5% from January to February. There were 1,634 sales in January and 1,888 sales in February.
Inventory for February was recorded at 11,975, up 2.0% from January, when inventory was recorded at 11,741.
February’s interest rate was recorded at 5.9% – down slightly from 6.0% in January. This is the first time interest rates fell into the 5.0%-range since September 2024.
New listings fell 4.5% from January to February, with 3,678 new homes on the market in February, compared to 3,852 in January.
22 distressed homes (bank-owned properties and short sales) accounted for 1.2% of all home sales in February. This is a 37.1% decrease from January, when 35 distressed homes sold.
ORRA’s full State of the Market Report for February 2026 can be found at https://www.orlandorealtors.org/statemarket
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