Orlando home prices are telling two different stories right now. Here's what's happening in the short-term rental market vs. where people actually live.

Are home prices going up or down in Orlando right now? I wish I had a simple blanket answer for this one. Prices are up or down. 

But the reality in Orlando right now is that it really depends on which part of the market you're looking at, and the two biggest segments are doing very different things.

The short-term rental market is down. If you're in the vacation home and Airbnb space, prices have come down. That market is saturated right now. There's a lot of inventory, more than demand can absorb, and that's pushing prices lower. If you own a short-term rental property or you're thinking about buying one, that's the reality of where things stand in that sector.

The primary residence market is mostly holding steady. For the neighborhoods where people actually live, where our clients are buying and selling, where schools and commute times drive the decision, the picture is different. Some areas have softened a little, but in most cases, prices are staying flat because inventory just hasn't risen enough to create an oversupply. We're in a slight buyer's market, but there still aren't enough homes coming on to push prices down in any meaningful way.

“The short-term rental market is down. The primary home market is holding steady.”

Multiple offer situations are still happening. Not as often as they were a couple of years ago, but they're out there. The homes that attract competing offers are those that are priced correctly, in good condition, and that show well. A good consultation, a stager, and updated features are what set a home apart from one that gets multiple offers, even in this market.

The bottom line is that one headline can't capture what's happening across all of Orlando. The short-term rental sector and the primary home market are in two different places right now, and within the primary home market, it still comes down to location, condition, and pricing.

If you're curious about what your specific home is worth right now, or you're a buyer trying to figure out where prices are softer and where opportunities are, I'd love to walk you through the numbers in your area. 

Reach out at 407-499-8993 or chris@mypinnaclehomes.com, or visit mypinnaclehomes.com. I'm always happy to talk through it.