By Yasmene Warren
Since 2021, home sales nationwide have dropped from 6 million to 4 million in 2023, with an anticipated drop to 3.8 million by the end of 2024. However, at the end of last year there were approximately 4.6 Million homes sold in 2024, which is a positive increase from the previous year.
As always, big changes are coming to the Orlando real estate market in 2025, and you’ll want to be prepared for every single one.
Read more below or check out our YouTube video!
Nationwide Changes to Come in 2025
According to Chicago Agent Magazine, Lawrence Yun, chief economist for the National Association of REALTORS (NAR) predicts that in 2025, interest rates will drop and home sales will rise. He added that existing home sales will undergo a 9% increase to 4.46 million nationwide with a 2% home price appreciation over the years.
Pricing Predictions for Greater Orlando
In 2024, both Polk and Osceola counties pulled back in home pricing while Lake, Orange and Seminole counties’ home pricing continued to rise. Homebuyers are drawn to new, affordable constructions in vibrant areas with plenty of entertainment that are close to schools and major roads — all of which Osceola and Polk counties are lacking in.
We think that in 2025, Osceola County will break apart from Polk County regarding desirability due to the variety of new things coming on board. With new road connections coming to Sunbridge and the lakeside community Waterlin just off Florida’s Turnpike coming to St. Cloud, the affordability of Osceola County is sure to drive growth in 2025.
The average sales price in Polk County is 10%-15% lower than most areas in Central Florida, so we expect the demand for homes to persist while the growth falls behind, comparatively. The affordability in this area is what has deemed Polk County the fastest growing county in Florida and ranking as one of the top counties in the country.
Massive Projects & How They’ll Affect Home Values in 2025
There are a variety of driving factors that contribute to growth and rising home prices in the Central Florida area. From theme park visitation at a standstill with guests waiting for new ones to open their doors, to the $560 million expansion at the Orange County Convention Center, to the $1.4 billion investment in rental car facilities at the Orlando International Airport, there’s A LOT coming to Orlando.
With all these projects underway, it seems like 2025 will essentially be a setup year for 2026, creating a variety of new jobs that will ultimately lead to more growth across Central Florida.
Overall
A new year means new things are on the rise, and by the looks of it, 2025 has much in store for the city of Orlando. Don’t sit around and wait for the growth to happen — be a part of it! If you’re looking to call Central Florida your new home, let our team be the one to help you make it so!
The Orlando Real is sponsored by the Pozek Group. If you’re thinking of buying or selling a home in Orlando, reach out and we would love to help!
Search Orlando Real Estate Listings
Leave A Comment