Orlando's real estate market is experiencing a price correction, with values down 5.6% from last year. Home prices have decreased 3.3% in the past month. With 3.3 months of supply, Orlando's inventory levels remain relatively tight. Homes are now taking an average of 41 days to sell, significantly longer than the 22 days typical for this market. A significant 40.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 15.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Orlando market with the affordability index at 10.2. Based on current market indicators, home prices in Orlando are projected to decrease by approximately 40.5% over the next month.