Jason Crane, Broker, Jason Crane Real Estate LLC

05/31/2026

ORRA Reports Median Value Above $400k in its Monthly State of the Market for April 2026

The Orlando Regional Realtor® Association reported a median home value of $410,758 (for all residential home types in Central Florida,) as measured by April 2026 sales data. Median is the middle number meaning half of the sales were above and half were below. It can be used to generalize the typical cost of a traditional 3-bedroom, 2-bathroom single family residence that’s approximately 1500 square feet in size. The information is useful to compare different market areas around the country, in addition to price-per-square-foot. As an example, the median home value in the Denver, Colorado metropolitan area is $609,685 (Source: Redfin.com), 48% higher than greater Orlando.

Now back to Central Florida: Condo and town home sales represent about 20% of all sales in greater Orlando. The median value for condos and town homes was $312,052 in April, a significant discount from single family residences recorded at $440,119, during the same period. Although the sale prices are lower for condos and town homes, the monthly HOA or condominium assessments may “offset” this effect. In many cases monthly dues can cost $250-$500 or more per month, totally depending on the individual condo/homeowner’s association, as well as the size of the condo itself (1-bedroom, 2-bedroom, 3-bedroom, etc.)

Closed sales were down 2.8% year-over-year while new listings and average days-on-market remained flat. Average-days-on-market was 70 days in April, a measure of how long homes are sitting on the market. Experts consider 60 days-on-market as a balance market between supply and demand.

Total inventory recorded in April was 11,418 homes, a slight 1.5% decline from March. Inventory has been growing for the past 3 years, currently more than double the 5,052 total homes recorded in April 2023.

The average mortgage rate in April was 6.3%, as sourced by Freddie Mac. Interest rates are set by the U.S. Federal Reserve Bank and a new chairman, Kevin Warsh, was sworn into office on May 22, 2026. Mr. Warsh replaced his predecessor, Jerome Powell, who served in the role for 8 years. “The Fed Chair” is appointed by the U.S. President and many believe that Mr. Warsh will aim to implement an easing of monetary policy by lowering interest rates. Historically, as interest rates fall, mortgage rates decline as well, a major tailwind benefiting housing affordability. The next Federal Reserve meeting and announcement on monetary policy is scheduled for Wednesday, June 17, 2026.

ORRA has recently changed its policy on market statistics being available to the public. However, you may view the Market Narrative featuring a portion of the data used in this market summary here: https://www.orlandorealtors.org/housingmarketnarrative

Author: Jason Crane
Orlando, Florida
May 30, 2026

New Orlando Regional REALTOR® Association data shows record-high median home price in Central Florida.

05/05/2026

638 Kensington Drive, Davenport, FL 33897 – Listed For Sale

Welcome to Highgate Park! This beautiful, spacious 2 story home with 2 car garage has just recently undergone selected seller renovations and improvements! The home features formal dining and living rooms with a high ceiling and a 2nd floor loft. The kitchen includes all new stainless-steel appliances with double sink, closet pantry, breakfast nook & wood cabinets. Kitchen/living room combo and open layout ideal for gatherings and entertaining. French doors in the living room lead outside to an in-ground pool with 2-story screened pool enclosure, pool patio and outdoor shower. The patio is nicely situated up on an elevated perch overlooking the neighborhood. Bedrooms 2 and 3 on located on the first floor, which includes a full bathroom and half bath. The laundry room is conveniently located central to the home, adjacent to access to the nicely sized 2 car garage. The primary bedroom and bathroom are located on the 2nd floor and include well desired upgrades such as 2 walk-in closets, garden bath, dual bathroom vanities and sinks, and privacy door for the latrine. Bedrooms 4 and 5 share a bathroom on the second floor in a split floorplan with convenience access to an upstairs loft. Tile flooring in the “wet areas” for easy maintenance and clean-up & softer, carpet flooring in the bedrooms. Overall, the property has a modern, spacious layout & feel with plenty of closet storage, ceiling fans, natural lighting, & volume ceiling in the living room. Rear lanai is well suited as a private oasis for hosting BBQs, relaxation, leisure, & entertainment without leaving home. The location near Four Corners and Highway 27 offers an abundance of entertainment & dining, all within minutes from the Highway 192 entertainment corridor featuring diverse offerings & venues. Disney World theme parks incl. Animal Kingdom, Hollywood Studios, & ESPN Wide World of Sports are less than 30 min. away by car. Other area attractions and local spots include ChampionsGate, Northeast Regional Park (dog park, playground, athletic fields,) Advent Health Four Corners, Island H20 Water Park, Lake Louisa State Park, multiple Publix shopping centers, big box stores, major retailers, and world class golf courses. For highway access, I-4 and SR-429 are both within minutes. Note -- There's a Master umbrella HOA and 2nd HOA for the Highgate Park subdivision. Sold as-is, where-is. No Seller’s disclosures. Seller is making no warranties or representations of property condition. Room dimensions are approximate & should be independently verified. Proof of funds/pre-approval letter required with all offers. Buying party is responsible for verifying whether property condition will qualify for buyer’s specific loan program. If applicable, HOA or Condominium monthly dues may be subject to changes, special assessments & must be verified by buyer. There's a 4-minutes video walk-through available upon request.

Single Family Home, 2-Stories
5 Bedrooms/3.5 Bathrooms
Built 2005
2,541 Square Feet
2 Car Garage
In-Ground Pool with Screened Pool Enclosure
All new stainless steel kitchen appliances
2nd Floor Loft
French Doors
Breakfast Nook
Split Floorplan
Open Layout with Kitchen/Living Room Combo
Walk-in Closets
Primary Bathroom with dual vanities & Garden Bath
High Ceilings in Living Room
HOA Deed Restricted Community
Mandatory HOA with Master Association & Dues Required
Gated Community
Bank-owned/REO Status
No Seller’s Disclosures
Broker’s Protected
Offer Management Platform charges buyer’s agent $175 technology fee payable at closing.
Subject to REO special addendum, Foreign-entity affidavit & REO procedures
MLS ID: o6404808
Listed for only $399,900.
Listing Courtesy of Jason Crane Real Estate, LLC
Jason Crane Real Estate, LLC is a licensed real estate brokerage in Florida.

For more information, please visit www.JasonCraneRE.com

04/20/2026

ORRA Reports Spring Home Buying Ramping Up in its Monthly “State of the Market” for March 2026

The Orlando Regional Realtor® Association reports that spring activity is ramping up in Central Florida as closed sales increased by 25% from February to March, based on sales data from March 2026.

Year-over-year, key housing metrics were largely flat. The median home price held at $385,000 from March 2025-2026, homes under contract dipped 4%, and closed sales were down only 2%.
Inventory totaled 12,010 homes in March and has trended slightly downward since May 2025, but remains up 34% over the past 24 months, near the highest level in 12 years.

Months’ supply was 5.09 months in March, the lowest since 4.67 recorded in December 2024, another indicator of increased buying activity. Experts consider 6 months’ supply as a balanced market between supply and demand.

Mortgage rates improved year-over-year, averaging 6.16% in March 2026 versus 6.55% a year earlier, helping home affordability. The average mortgage rate most recently peaked at 7.77% in October 2023, after U.S. price inflation skyrocketed to 40-year highs in the wake of the 2020 Covid-19 pandemic. Falling interest rates translate to falling mortgage rates, a benefit for housing affordability.

Chairman of the Federal Reserve, Jerome Powell, has served as the head of the US central bank since 2018 and is set to close-out his final term in May. As a result, analysts are not expecting an interest rate cut at the next Fed meeting on April 29th. However, the conflict in Iran has resulted in rising fuel costs, global economic uncertainty & may complicate the Fed’s position on monetary policy, as well as Chairman Powell’s exit & succession.

The future of the housing in 2026 raises some questions based on mixed factors affecting the US economy: “Sticky” price inflation, elevated energy costs, geopolitical turmoil, and who will lead the Federal Reserve and his/her impact on future monetary policy.

Author: Jason Crane, Orlando, FL -- 4/19/2026

The full Market Report is here:

04/06/2026

Just Leased! 831 Camargo Way, Altamonte Springs, FL 32714. There was a lot of interest in this condo with a several prospective residents still looking in the area. For more information on how we can assist you with your real estate needs, please visit: http://www.JasonCraneRE.com

03/20/2026

Sub 6% Mortgage Rates Signal a Turning Point for the Orlando Housing Market, as reported by ORRA

According to the Orlando Regional Realtor® Association, average mortgage rates fell below 6% for the first time in 18 months, marking a notable shift in housing market conditions. In its February 2026 “State of the Market” Report, ORRA recorded the average mortgage rate at 5.88%, the lowest level since August 2022, when rates averaged 5.59%.

For current and prospective homebuyers, this development represents long awaited relief. Easing mortgage rates, combined with elevated housing inventory, are gradually tipping market conditions in favor of buyers. As affordability improves and supply remains ample, buyers are gaining increased negotiating leverage, potentially leading to more favorable pricing and seller concessions.

Housing inventory trends further reinforce this shift. After increasing by 44% between February 2024 and February 2025, total inventory remained nearly flat year over year in February 2026, suggesting that demand is beginning to catch up with supply. Total inventory has more than doubled over the past three years, rising from 5,555 homes in February 2023 to 11,975 homes in February 2026. This surge followed the sharp rise in mortgage rates from the upper 2% range in 2021 to nearly 8% by 2023, which sidelined many buyers and slowed transaction activity.

Market balance metrics point to stabilization. Months’ supply reached 6.34 months in February, placing the Orlando housing market close to what many experts consider a balanced environment. Six months indicate that neither buyers nor sellers hold a decisive advantage, reinforcing the notion of a market in transition rather than decline.

Home values have also remained resilient. Over the past three years, median home prices have stayed within a relatively narrow range of $370,000 to $390,000. In February 2026, the median home price was recorded at $375,000, reflecting steady demand despite the significant increase in available listings. This price stability suggests that while buyers are gaining leverage, underlying demand continues to support prices.

Looking ahead, falling interest rates are widely viewed as a tailwind for housing affordability. The U.S. Federal Reserve has forecasted additional rate cuts in 2026, though near term policy shifts appear unlikely. With Federal Reserve Chairman Powell’s term set to expire in May 2026, major changes are not expected at the upcoming April 29th meeting.

The Federal Reserve’s recent easing has been driven by declining U.S. inflation; however, emerging risks complicate the outlook. Escalating conflict in Iran has contributed to rising energy prices, particularly fuel costs, introducing renewed inflationary pressure. At the same time, growing concerns about a potential economic slowdown create a policy challenge for the Fed as it balances inflation control against recession risk.

As the year progresses, analysts will be closely monitoring geopolitical developments and their potential impacts on energy markets, global shipping, and the broader U.S. economy. These factors may play a critical role in shaping monetary policy decisions, and, by extension, the trajectory of the Orlando housing market. Full “State of the Market” report here:https://www.orlandorealtors.org/clientuploads/Market%20Statistics/Monthly%20Market%20Reports/2026/2.February/State_of_the_Market_2026.02_Feb.pdf

Author: Jason Crane, 3/20/26 in Orlando, Florida

03/05/2026

Newly renovated condo at the resort-style Bona Vista community in west Altamonte. Condo has been freshly remodeled in 2023 with all new flooring, interior paint, kitchen cabinets, kitchen countertops, selected new appliances, new light fixtures & ceiling fans, new bathroom vanity & much more! A/C System was recently replaced & upgraded & also newer stainless steel kitchen appliances including, refrigerator, oven/range, microwave hood, & dishwasher. Inside utility closet with Washer/Dryer included. Bedroom has double closet. Condo is located on top floor with no above neighbors. Turn-key move-in ready for immediate move-in! Bona Vista is loaded with amenities including community pool, whirlpool bath, fitness center, movie theater, clubhouse, playground, beach volleyball, racquetball court, car care center, & indoor basketball 1/2 court. Community is gated & has on-site community manager & management office. Buildings are Mediterranean-style architecture with Spanish-tiled roofing. Plenty of open parking. Bona Vista is conveniently located near west Altamonte’s major hub, intersection of SR-436 & SR-434, only walking distance from major retailers, schools, gyms, seat-in dining, fast food, department stores, bars/restaurants, pharmacy, & West Town Corners shopping mall. Other area attractions include Seminole State College, Altamonte Mall, Cranes Roost Park, Lake Lotus Park, Sanlando Park, Merrill Park, Seminole-Wekiva Trail, Wekiva Island and several major retailers including Walmart, Target, Home Depot, Winn-Dixie, Publix & Costco. Major roads in the immediate area incl. 3 I-4 ramps/exits, SR-434, SR-436 & 414/Maitland Blvd (with quick access to SR-429 western beltway.) There is an HOA application fee of $100/adult and approval process that includes a full background check. Due to prior issues, no dogs are permitted. 12 months lease minimum. Please note, this unit does NOT have a balcony & there is NO elevator. Bona Vista is one of the most affordable properties in Altamonte Springs & routinely in high demand. Water/sewer utilities are INCLUDED. Condo is available for immediate move-in! 2-minutes Video Walk-through/"Virtual Tour" available.

One Bedroom/One Bathroom Condo
Newly renovated in 2023 – all new kitchen, flooring, paint, selected appliances, light fixtures, ceiling fans, cabinets, countertops, & bathroom vanity
Approx. 600 sqft.
Incl. all stainless-steel kitchen appliances – Refrigerator, Dishwasher, Oven/Range, Microwave Hood
Double Closet in Bedroom
Washer/Dryer included
3rd Floor with no above neighbors
Horizon Blinds included
Community amenities include Clubhouse, Community Pool, whirlpool bath, Fitness Center, Basketball Court, Movie Theater, Playground, Beach Volleyball, Racquet Ball Court, & Car Care Center
On-site Association Management & Office
Gated Community
Water/Sewer Utilities are included in monthly rent
Note – Condo does not have a balcony & no elevator in the building.
Available for Immediate move-in
Condo Association Approval Required -- $100/adult, non-refundable.
No dogs are permitted, due to previous issues. One small pet under 25 lbs. is allow for a fee of $25/month, on top of base rent. No pet deposit required.
Minimum 12-months lease.
Broker’s protected — $300 Lease Fee, but must show interior to prospective residents
Listing Broker is related to Owner.
Refundable Security Deposit of $1500.
Monthly Rent: $1195
There’s a 2-minutes Virtual Tour available by request.
MLS ID: o6372778
Jason Crane Real Estate, LLC is a licensed real estate brokerage in Florida.
More information is available on www.JasonCraneRE.com

02/21/2026

ORRA Reports Days-on-Market at 10-Year High in its February 2026 State of the Market Report

The Orlando Regional Realtor® Association reported an average-days-on-market of 81 days, based on January 2026 data, which is the highest since February 2016. With slowing sales, homes are sitting on the market for longest in 10 years. It appears that the scales have tipped in favor of homebuyers with more inventory on the market and decline mortgage rates. Although total inventory is flat year-over-year, months’ supply was recorded at 7.19 months of inventory in January, above the 6 months threshold experts consider as a “balanced market.”

The average mortgage rate was recorded at 6.00% in January, down 12.4% from an average rate of 6.85% a year earlier. Declining interest rates are a tailwind for the housing market resulting in more affordable monthly mortgage payments and increasing the “amount of home” buyers can afford.

Housing demand has remained strong as evidenced by robust figures for pending sales and closed sales, both up by 5.9% and 7.9% respectively, year-over-year. Homes values have also stayed resilient. The median home value of $370,000 for January is hardly unchanged dating back 4.5 years to Summer of 2021, when the median home value was in the range from $373,487 to $378,016 (a difference of 0.8% to 2.0% from January 2026.)

U.S. Consumer Price Index rose 2.4% annual in January 2026, a positive sign for the U.S. economy indicating that inflation has been mitigated significantly from a high of 9.1% in June 2022. The Fed’s target inflation rate is 2-3% annually, so with inflation seemingly under control, experts are expecting further interest rate cuts by the U.S. Federal Reserve. Chairman Powell’s term is set to expire in May 2026 and we may not see any policy changes until a new Chairman of the Fed has been appointed to office. The next Federal Reserve meeting & rate announcement is scheduled for March 18, 2026. Full report here:

01/23/2026

ORRA Reports “Healthier Market” in its January 2026 State of the Market Report

Orlando Regional Realtor ® Association reports “signs of a balanced and healthier market” in its monthly report for year-end 2025 and the month of December. Home values remained strong for the year, hovering near all-time highs. The overall median home value for 2025 was $385,000, consistent with 2024 & slightly above $370,550 recorded in 2023. Despite rising housing inventory, up 13.3% from December ’24 to December ‘25, closed sales stayed resilient at 2,182 homes sold, hardly unchanged year-over-year.
Months’ Supply of Inventory is trending higher from 4.67 months to 5.22 months, year-over-year, characteristic of rising total inventory. However, more inventory is a positive for homebuyers with increased options to consider & the potential for higher competition between home sellers. Experts consider 6 months’ supply a more level real estate market and a healthy balance between supply and demand.

Beginning in September 2025, the Federal Reserve pivoted its stance on monetary policy and started lowering the federal funds rate in the wake of 40-year high inflation recorded back in June 2022. After attaining a 9.1% annual inflation rate, the consumer price index cooled significantly in 2023 and returned to “the Fed’s” target range of 2-3% in 2024. However, “sticky inflation” has been a concern in 2025 causing the Fed to be extremely cautious and lethargic on interest rate reductions. As a result of the pivot in monetary policy, the average mortgage rate fell from 6.35% in August 2025 to 6.04% in December. Lower mortgage rates translate into more affordable housing as borrowing costs decline & the “amount of home” buyers can afford increases. Market analysts are anticipating further rate reductions orchestrated by the Fed in 2026, a positive sign and tailwind for the housing market.

Full report is here:

12/21/2025

Inventory on the Rise, as reported by ORRA in its December 2025 “State of the Market”

The Orlando Regional Realtor® Association reported total housing inventory up 7.9% year-over-year in its monthly “State of the Market” report for sales data recorded in November 2025. Despite the upward trend in inventory, it was actually less than 13,000 properties for the first time since February, recorded at 12,516 homes. The holiday season is traditionally a slower time of year due to some homebuyers electing to wait until the new year to resume home searches & sellers as well, opting to hold off.

Closed sales were down by 22% month-to-month from October to November, decreasing from 2,335 to 1,820 sales. Months’ Supply of inventory was up 7% year-over-year reaching 6.88 months, the highest level since January 2025. Experts consider 6 months of inventory as a balanced market between supply and demand.

The median home value for all homes in Central Florida has hardly budged during the past 2 years, recorded at $385,000 in November, up slightly by 1.3% year-over-year. In November 2023, the median home value was $375,000. The housing market data has an overall theme of consistency & several of the metrics have been range-bound for the past 24 months, which exemplifies resiliency & a solid demand for housing.

The average mortgage rate recorded in November was 6.05%, second lowest of 2025. The Federal Reserve pivoted on its stance on monetary policy beginning in September 2025 when it began reducing interest rates for the first time since March 2020. Lower interest rates translate into lower mortgage rates, viewed as a tailwind for the housing market as lower rates equate to more affordable mortgage payments. At the most recent Federal Reserve meeting this month, the Fed reduced interest rates by 0.25 basis points on December 10th. There’s been some tension between the White House & the Federal Reserve on the future direction of interest rates & it’s become clear that Federal Reserve Chairman Powell will not being remaining in office for a 3rd term. He is widely expected to depart at the end of his current term in May 2026. The President’s new appointee is not yet determined, but political pundits are predicting the new Fed Chair will be pressuring the committee to accelerate a reduction in rates, certainly a positive for the housing market & for borrowers seeking favorable financing terms.

Opponents to reducing interest rates are concerned about “stickiness” in consumer price inflation as prices for consumer staples remain at elevated levels & many Americans struggle to make ends meet. There are only two scheduled Federal Reserve meetings prior to May 2026 & it’s unlikely there will be any major changes in monetary policy until the new Federal Reserve Chairperson is in office.

Full “State of the Market” Report is here >

11/23/2025

ORRA Reports Mortgage Rates Declining in its “State of the Market” for October 2025

The Orlando Regional Realtor ® Association reported the average mortgage rate of 6.02% in October, down significantly during the past 24 months after reaching 7.77% in October 2023. Total inventory continues to climb, up 14.9% year-over-year and a whopping 67% increase during the past 24 months. Rising inventory and declining mortgage rates are positive tailwinds for potential home buyers after a post-pandemic housing shortage saw many listings with multiple offer scenarios & completing bids. Total inventory achieved a historical low of 2,655 homes in April 2021 equating to a mere 0.65 Months’ Supply. Experts consider 6 Months’ Supply as a healthy balance between supply and demand. In October 2025, total inventory attained 13,047 homes with Months’ Supply up to 5.59 months.

Despite fluctuations in inventory and mortgage rates, sales have been resilient, up 12% year-over-year. Additionally, the median value for all homes has hardly budged during the past 2 years, generally range bound between $375,000 and a high of $390,000. The median home value for October 2025 was $380,000, down slightly 2.3% year-over-year.

There’s a debate brewing in the Federal Reserve about the future of US interest rates in the face of persistent consumer price inflation. “The Fed” has voted to cut the Federal Funds Rate at the previous 2 meetings in October and September 2025, but there were dissenting opinions signaling that not all members agree with reducing rates. The next announcement on interest rates is scheduled for December 10, 2025.

Full report is here:https://www.orlandorealtors.org/clientuploads/Market%20Statistics/Monthly%20Market%20Reports/2025/October/State_of_the_Market_2025.10_Oct.pdf

This article was authored by Jason Crane, Lic. Real Estate Broker.