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Real estate in Orlando does not stop appreciating and the potential remains high. The Central Florida real estate market is going through a moment of transformation, with rising prices and a more balanced scenario for buyers and sellers. According to data from the Orlando Regional Realtor Association, the average price of houses in the region reached $385,000 in 2024, a historical record.
High interest rates hold even greater appreciation
Prices could rise even more were it not for interest rates that remain as the main locking factor in the market. According to Freddie Mac, the average fixed mortgage rate for 30 years is currently at 6.96%, well above what many experts predicted for this period.
This has led many buyers to adopt a waiting posture, braking even greater pressure from demand, in the expectation of a reduction in rates before closing the deal.
According to Lawrence Bellido, president of the Orlando Regional Realtor Association, this strategy of waiting for a possible drop in interest rates may be a major misconception. Even if there is a drop in interest rates, nothing indicates that it will be so expressive. In addition, a drop in interest rates would motivate even more buyers in the market, stimulating demand and, consequently, prices.
Population Growth and International Demand Drive the Market
Demand for real estate in Central Florida remains strong, driven by constant population growth. According to Bellido, the region continues to receive a large number of new residents, not only from other parts of the US, but also from the international market. Foreign companies are acquiring commercial properties in Florida, and the interest of international investors in the residential sector helps sustain the appreciation of real estate.
Investment opportunity
For those who intend to buy a property, experts recommend not to wait indefinitely for a drop in interest rates, since house prices tend to rise continuously due to high demand.
AMG International Realty is a global real estate company specialized in Florida and aimed at the foreign public. If you want to know more about the opportunities in the Orlando real estate market, contact me right now and chat with me on WhatsApp: +305-684-0455 (Heloisa Arazi).
