In Central Florida's Orange, Seminole, Volusia, and Lake counties, 4,651 residential listings have been active for over 90 days, with 77.92% having reduced prices. Median days on market range from 151 to 174, with 585 homes listed for more than a year. The data suggests many homes are overpriced initially, as sellers have reduced prices but remain unsold, incurring ongoing carrying costs.