The Best Time to Buy a Home in Orlando is Almost Here

Oct. 31-Nov. 6 will be the best time to buy a home in Orlando this year

Don’t expect horrifying home prices this Halloween. The week of Oct. 31-Nov. 6 will be the best time to buy a home in Orlando this year, according to a Sept. 13 report by That’s because buyer interest will be down, the time it takes to sell will be up, and prices likely will drop, according to the report.’s analysis of the best times to buy homes in the nation’s 50 biggest metros was based on typical listing prices, inventory levels, new listings, days on market, buyer demand, and price reductions at different time periods in 2018 and 2019. did not use 2020 data due to anomalies caused by the Covid-19 pandemic.

Here’s how metro Orlando’s housing market that week is projected to compare to the local market’s peak this summer:

• Active listings: Up 4%
• Views per property: Down 20%
• Days on market: Up 11%
• Median listing price: Down 4%
• New listings: Down 1%
• Price reductions: Up 1.1%

This is important because it may be the best reprieve local residents get this year from a historic seller’s market that kicked off last year and hit a fever pitch this summer. While home sales dropped 4.4% from July to August, they still were up 13% compared to August 2020 and up 18% compared to August 2019, according to the Orlando Regional Realtor Association.

This demand contributes to record home prices. The Central Florida median sales price of $320,000 is up 16% from a year ago.

The fall is the best time to buy nationwide, and the typical best week to buy a home is Oct. 3-9, Economic Data Analyst Nicolas Bedo and Chief Economist Danielle Hale wrote in the report.

“Typical housing market activity begins in earnest in spring and peaks in summer. Then as the year transitions to fall and more families bow out due to the school schedule, demand wanes and prices dip to post-peak levels as leftover inventory stays on the market.”

The best time to buy a home varies across the state. The weeks are Sept. 26-Oct. 2 in Jacksonville, Jan. 10-16 in Tampa and Feb. 7-13 in Miami.

Trends in the residential real estate market are important, as every home sale in the state has an estimated local economic impact of $90,300, according to the National Association of Realtors. In addition, the housing market often is considered a reflection of the local economy’s overall health.


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Source: “The best time to buy a home in Orlando is almost here,” Orlando Business Journal