Orlando's housing market shows higher inventory and nearly half of homes with price reductions, giving buyers more choices and negotiating power. Median list price is around $485,000, with properties averaging 123 days on the market. Affordability challenges persist due to mortgage and insurance costs. Market conditions vary by location and property type, with vacation homes facing unique pressures. Sellers must price realistically to avoid long listings, while buyers should compare total ownership costs and new construction incentives.