The Orlando housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 3.6% in the past month. With 4.9 months of supply, Orlando's inventory levels remain relatively tight. Homes are now taking an average of 52 days to sell, significantly longer than the 31 days typical for this market. A significant 37.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 9.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Orlando market with the affordability index at 7.1. Based on current market indicators, home prices in Orlando are projected to decrease by approximately 3.1% over the next month.