Unsold inventory is piling up in the Orlando housing market, according to the latest data, as for-sale homes in the theme park capital of the world face little interest from potential buyers disheartened by rising prices and stubbornly high mortgage rates.
“Supply is spiking. And demand is not rebounding,” real-estate analyst Nick Gerli wrote on X, formerly Twitter , on Monday. “Could this market be on the verge of another 2008-style downturn?”
Why It Matters
Orlando was among the many cities in Florida which saw a boom during the pandemic years, when an influx of out-of-state people moved to the Sunshine State in search of sunny weather, affordable housing, and lower taxes.
These newcomers brought up demand at a time when the state was struggling with a lack of inventory, which in turn drove home prices up—leading to a boom that some fear is now approaching a bust …