Key Insights into the Central Florida Real Estate Market
Central Florida continues to shine as one of the fastest-growing regions in the country. Whether you’re a first-time homebuyer, a seasoned investor, or a developer, understanding the regional market trends is essential to making informed decisions. In this edition, we explore the economic drivers, emerging neighborhoods, and the overall health of the real estate market.
Key Highlights
Rising Home Prices: Home prices in Central Florida saw an 8% increase year-over-year. The median home price in Orlando reached $350,000 in mid-2023, and neighboring areas have seen similar upticks.
Demand and Migration: With the influx of out-of-state buyers, Central Florida has benefited from a consistent migration trend, particularly from high-cost areas like New York and California. This has driven demand for both single-family homes and rental properties.
Commercial Growth: Central Florida is also seeing a surge in commercial real estate development. Areas like Lake Nona, downtown Orlando, and the I-4 corridor have become hubs for tech, healthcare, and entertainment industries, making the region an even more attractive location for future growth.
