Orlando Housing Trends in 2025 will be a combination of stable mortgage rates and higher home prices. Therefore, Realtor Magazine anticipated cities like Orlando will see major growth in the upcoming new year. They state home prices are expected to rise 6.9%, and existing home sales are predicted to increase 3.9% to approximately 5 million homes in 2024.
Realtor.com® is also predicting 2025 major housing trends expected to influence the market:
- Millennials and boomers to dominate: These two giant demographics are expected to fuel demand for at least the next decade.
- Midwestern cities get more attention from millennials: We recommend watching the country’s midsection for a spike in the millennial purchase market share in 2019.
- Price appreciation to gain: Home prices are forecasted to steadily grow. This is an indication that the market is headed in the right direction.
- Less homes on the market: Inventory is expected to grow even more in 2025, offering home buyers even more choices. We anticipate March through June will allow for a larger inventory.
- Orlando to lead in prices and sales: We forecast Orlando sales growth of 9.3% and price gains of 6.8%. Orlando is considered one of ten fastest growing metros in the country.
Sources:
“ Housing Trends to Watch in 2017” Realtor Magazine
“ Housing forecast for 2017: Orlando among fastest-growing metros” BizJournals
“The 5 Real Estate Trends That Will Shape 2017,” realtor.com® (Nov. 30, 2016)
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