Orlando Market Check-In: Rates Ease as Supply Builds

The end-of-month check-in is short this time, because the picture has not changed much since mid-October: prices are flat, supply is up, and rates are drifting lower. The 30-year fixed mortgage rate fell to 7.24 percent for the week of October 29, the lowest reading of the month, and the September supply numbers confirm which counties have shifted furthest toward buyers.

Here is the one stat I am watching, followed by a plain-language read on each of the five counties I serve: Orange, Osceola, Lake, Polk, and Seminole.

The one stat

The average 30-year fixed-rate mortgage was 7.24 percent for the week of October 29, down from 7.32 percent the week before and the lowest level of the month, according to Freddie Mac. A year earlier, the same survey averaged about 6.2 percent, so today's rate is still roughly a full point higher than it was last fall.

The direction matters more than the size of the move. After a stretch of climbing rates, buyers are finally seeing the line bend the other way, and even a modest dip changes the monthly payment math for someone who has been waiting on the sidelines.

Supply by county, in plain English

• Orange. The metro median held at $399,610 in September, essentially flat from a year ago, with about 12,464 active listings across the ORRA service area and supply near 4.9 months. That is a balanced market: real choice for buyers, and sellers who price against what actually sold in September are the ones getting the offers.
• Osceola. The standout in the region right now. Supply reached 7.5 months in September, up from 7.1 a year earlier, with about 5,094 homes on the market and a three-month rolling median near $379,900. Closed sales fell about 12 percent year over year. For buyers, Kissimmee and the rest of the county offer the most negotiating room of anywhere I serve, and sellers need patience with pricing from day one.
• Polk. Still the most affordable of the five and softening. The September median ran about $305,000, down roughly 3 percent from a year ago, with supply at 5.1 months and about 5,900 homes on the market. Homes took a median of 80 days to sell in September, up from 76 in May, so buyers have real leverage and sellers need the most patience.
• Lake. Cooling toward balance. The three-month rolling median was about $370,000 in September, with supply around 5.1 months. Closed sales were down about 11 percent year over year, which tells you the fall market is slower here rather than crashing. Buyers in Clermont and Minneola can afford to compare a few homes and take their time.
• Seminole. Still the tightest of the five. Supply came in around 3.9 months in September with about 1,845 active listings, a 2026 median sale price running near $409,781, and roughly 65 days on market. Homes here still move faster than anywhere else on the list, so the advice flips: buyers need to be ready to act, and sellers still hold the strongest position in the region.

The takeaway

The one-line summary: rates are easing, supply is building, and the buyer's market is real in Osceola and Polk, while Orange and Lake sit balanced and Seminole stays the tightest of the five.

None of that is a signal to rush, and none of it is a signal to wait. It is a signal to run your numbers against what actually sold in your neighborhood this fall, at today's rate, before you make the call either way.

Here is what we can do next

Every county is a different market right now, and the number that matters most is the one for your street and your budget. If you want to know where your neighborhood fits in these numbers, or what your next move should be, that is exactly the conversation I am here for.

I'm here whenever you're ready. Talk to you soon.

Where these numbers come from