Home sales in the Orlando area rebounded in February as transaction activity picked up and inventory continued to grow, while homes took longer to sell and new listings declined.
Closed sales rose 15.5% month over month, increasing to 1,888 transactions in February from 1,634 in January. Compared with a year earlier, total sales were up 2.8% from 1,837 transactions in February 2025.
Pending sales also strengthened, climbing 13.8% to 4,001 contracts in February, up from 3,515 in January, suggesting continued activity heading into the spring homebuying season.
Homes are taking longer to sell, however. Properties spent an average of 83 days on the market in February, up from 81 days in January and the longest marketing period recorded since February 2015.
Chris Atwell, 2026 president of the Orlando Regional Realtor Association, said the combination of homes spending more time on the market and steady inventory levels is giving buyers more negotiating leverage.
“When you combine homes spending more time on the market with a steady flow of inventory, buyers have more leverage than they’ve had in years,” Atwell said. “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.”
Inventory Edges Higher
Housing supply expanded slightly during the month. Total inventory rose 2.0% to 11,975 homes in February, up from 11,741 in January.
However, the months of supply fell to 6.34 months, down 11.7% from 7.19 months in January as stronger sales absorbed available listings. A six-month supply is generally considered a balanced market. One year earlier, the region had 6.76 months of supply.
New listings declined 4.5% month over month, with 3,678 homes entering the market in February, compared with 3,852 in January.
Prices Continue to Edge Up
The median home price in the Orlando area rose to $375,000 in February, a 1.4% increase from January’s $370,000, reflecting steady buyer demand.
Single-family homes accounted for the majority of activity. 1,476 single-family homes sold in February, up 14.6% from 1,288 in January and 1.2% higher than the 1,458 sold in February 2025. The median price for a single-family home was $410,000.
Condominium sales posted the largest gains. 237 condos sold in February, up 28.8% from 184 in January and 16.2% higher than the 204 sold a year earlier. The median condo price was $190,000.
Townhouses and villas totaled 175 sales in February, an 8.0% increase from 162 in January and unchanged from the 175 sold in February 2025. The median price in that segment was $305,000.
Distressed sales remained a small portion of the market. Bank-owned properties and short sales totaled 22 transactions, representing 1.2% of all February sales, a 37.1% decline from January’s 35 distressed sales.
Overall, the latest figures point to a market where sales activity is improving while buyers are gaining slightly more time and negotiating flexibility as the spring selling season approaches.
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