If you’re looking to move or purchase a home, it’s beneficial to learn about the real estate market in Orange County, Florida. Knowing about the market trends, supply and demand, and predictions helps you find the most suitable home. Since moving involves significant change and adjustment, obtaining more knowledge allows you to adequately prepare for this transition. 

At Tropic Moving in Melbourne, Florida, we understand the challenges of moving from researching the housing market to organizing and packing your belongings. So, by providing you with our expertise on the real estate market in Orange County, we want to help you make this first step stress-free.  

Orange County Housing Market Trends 2024

Before purchasing a home or relocating, evaluating the housing market trends provides you with an in-depth understanding of the area. In essence, the research allows you to eliminate potential options that are not meeting your standards and needs. 

According to the Orlando Regional Realtor Association in Orange County, the Federal Reserve Bank Of St. Luis (FRED monitors the federal financial trends) and Florida Realtors reports, here are 2024 housing market trends:

Housing Supply & Demand in Florida 

Based on the 2024 market data, home availability and demand have increased in the past year. With a sale-to-list price ratio of 98.51%, the supply has met the demands, which indicates a balanced market. Since there is enough inventory, finding a home or apartment should not be challenging.

However, demands are predicted to rise due to immigrants and population growth. Depending on the area within OC where you are looking to rent or purchase a home, immigration may impact the amount of homes available per location. 

Orange County Market Predictions

If you’re looking to relocate within the next year, experts suggest that the housing market will strengthen, driven by business and population expansion. Florida Realtors suggest that the expanding inventory will help slow the price growth

But if you’re in search of newly built single and multi-family homes, the market is below demand. In addition, you may face higher home prices, mortgage rates, and insurance premiums in the coming year,. As a result, this may decrease the competition for home purchases. To combat this, you can lower your mortgage rates by making a larger down payment or saving a larger portion of your monthly income. 

Recommendations for Relocation in Orange County

When preparing for your next big move, studying market trends and predictions is paramount to a successful outcome. Since pricing and inventory differ between areas in the same county, compare and contrast the market data for all locations of interest.  

Furthermore, it’s important to be prepared for every phase, from market research to home purchase and relocation. Then, before relocating, consider enlisting the help of professional movers. Using professional movers takes on the responsibility for you, easing your stress. Overall, they will make your relocation more efficient, safe, and organized.    

Contact Tropic Moving for Your Next Move!

When preparing for a move, being equipped with the right information surrounding the real estate market in Orange County ensures a positive transition. Then, when you’re ready to move from point A to B, hiring professional residential movers like Tropic Moving in Melbourne, Florida, makes the entire process quick and painless. 

Our Tropic movers are the trusted neighborhood experts since we provide a hassle-free experience for our clients. For a seamless relocation, we provide comprehensive services that are customized to suit your needs. 

We will assist with the following:

Feel free to contact us today to speak with a customer service agent or to request a moving quote!