Market Snapshot

Here is where the Central Florida residential market landed in May 2026, with the change from April shown in parentheses:

• Average sale price: $481,821 (up $16,544, or 3.6 percent, from April)

• Average days on market: 75 days (down 7 days from April)

• Months of supply: 4.28 months (down from 4.78)

• Total active inventory: 15,149 homes (down 481, or 3.1 percent)

• List to sale ratio: 97 percent (down one point from 98 percent)

• Total monthly sales: 3,540 closings (up 268, or 8.2 percent)

Month Over Month Comparison

Market Condition Overview

May was the strongest month we have seen this year. Sales jumped about eight percent from April, the average sale price rose more than three percent, homes sold about a week faster, and inventory tightened. At 4.28 months of supply we moved deeper into balanced territory, leaning a little more toward sellers than April did. This is the spring and early summer peak doing exactly what it usually does.

The year over year picture is still worth holding in mind. Compared to May 2025, closings are down about 13 percent and inventory is down about 14 percent, while the average sale price is up roughly 3.5 percent. So even with a strong month, we are moving fewer homes than a year ago on a leaner supply, and prices are holding up. Fewer listings and firm prices has been the through line of this whole year.

Sales Volume

3,540 homes closed across the Central Florida region in May, up 268 from April's 3,272, a jump of about 8.2 percent. That is the seasonal peak arriving on schedule as families try to settle before the school year. The year over year comparison is the counterweight: May 2025 saw 4,089 closings, so we are running about 13 percent behind last year's pace. A strong month inside a thinner year.

Pricing

The average sale price climbed to $481,821, up about $16,544 from April. The average list price was $496,246, so the typical seller accepted roughly $14,400 under asking. The list to sale ratio eased one point to 97 percent, which is normal give and take when sellers push list prices higher into a busy season. Year over year the average sale price is up about 3.5 percent from May 2025's $465,498. Prices are the steady story: up modestly and holding.

Days on Market

Homes averaged 75 days on the market in May, seven days faster than April. The same split from prior months holds. Nearly half of single family homes, 1,343 out of 2,850, sold within the first 30 days, while about 484 sat for 121 days or more. The faster average this month reflects more of that quick moving inventory clearing during peak season. Priced right, homes are moving. Priced high, they wait.

Inventory

There were 15,149 active listings at the end of May, down 481 from April and down about 14 percent from a year ago. At the current sales pace that works out to 4.28 months of supply, the tightest reading we have had in months. A busy sales month combined with a smaller pool of listings pulled supply down. That is the mechanism keeping a floor under prices.

Sweet Spot of the Market

The core of the market in May sat in the $250,000 to $500,000 range. The single busiest band was $400,000 to $499,999 with 639 closings, about 18 percent of all sales. Right behind it, $350,000 to $399,999 had 541 closings (15 percent), $300,000 to $349,999 had 538 (15 percent), and $250,000 to $299,999 had 492 (14 percent). Those four bands together made up well over half of everything that sold. That is where the buyers are.

Bedroom Data Analysis

Three and four bedroom homes again ran the show. Three bedroom homes led with 1,488 sales, and four bedroom homes followed with 1,237. Together they made up about three quarters of the month's volume. Two bedroom homes accounted for 397 sales and five bedroom homes 356. As always, that three and four bedroom range is both the most liquid part of the for sale market and the deepest part of the rental demand pool, which is right where most of the homes we manage live.

What This Means for Landlords

A few takeaways for owners.

First, selling conditions improved this month. Homes sold faster and for more than in April, and supply tightened. If you have been waiting for a better window to list, May looked friendlier than the earlier spring months. Just remember that one strong month does not erase a year that is running well behind last year on volume.

Second, the three and four bedroom segment, which is where most of our managed homes sit, stayed the busiest part of both the sale and rental markets. The demand is there.

Third, inventory down about 14 percent from last year continues to support values. Owners are not looking at falling equity. If anything, this month nudged the other way.

Fourth, even in a strong sales month, plenty of buyers are still renting rather than buying, especially with prices firming. That keeps rental demand steady and rewards a well maintained, fairly priced rental.

Our Take

May was a good month, and it is nice to write that after a run of softer ones. Sales picked up, prices firmed, and homes moved faster. This is the market doing what it does when the weather warms up and families try to settle before the school year. I would not read it as a full turn of the tide though. We are still selling meaningfully fewer homes than we did a year ago, and inventory, while tighter than last year, sits far above where it was back in 2022.

If you own a rental with us and you have thought about selling, May was a more forgiving market to do it in than April was. Faster sales and higher prices give you room. That said, my read has not changed much. This is a fine market to hold and a workable market to sell into if the numbers make sense for you. Price it right, present it well, and you will do well in this window.

For owners staying the course, the rental side stays healthy. Firm prices keep a chunk of would be buyers renting a while longer, and that works in our favor.

Let's Talk About Your Property

Thinking about renting out a property, or weighing whether to hold or sell the one you already have? That is exactly the conversation we are here for. Belmont Management Group handles the day to day so you do not have to, and we will give you a straight read on what your specific home should do in this market.

Reach out for a free consultation. Email Raul Veitia directly at RVeitia@belmontManagementGroup.com, or fill out the prospective landlords form on our website and we will get right back to you.

Data Sources

Orlando Regional REALTOR Association (ORRA), Monthly Sales Trend Indicator and Multiple Listing Sales and Inventory Reports, May 2026. Data sourced from Stellar MLS and compiled from ORRA's four year sales and inventory history. Figures reflect residential sales published through Stellar MLS for Lake, Orange, Osceola, Polk, and Seminole counties and do not include every sale in the reported areas. Prior month figures reflect ORRA's most recent restated data and may differ slightly from earlier reports as late sales are incorporated. Neither the Association nor Stellar MLS is responsible for the accuracy of the underlying data.