34787
Orlando, Florida

The 34787 market shows measured appreciation with median sale prices reaching $580,000, up 1.8% year-over-year, signaling stabilization rather than acceleration. Properties are averaging 60 days on market, indicating neither urgency nor stagnation in buyer activity. Only 9% of homes are closing above list price, suggesting negotiations favor neither party decisively and marking a departure from the competitive bidding dynamics seen in previous cycles.

This environment benefits patient buyers willing to negotiate, as the single-digit above-list percentage creates room for price discussions that weren't possible during tighter inventory periods. Sellers with equity built before 2024 can still exit profitably given the $580,000 median, but those expecting multiple offers within weeks may need pricing discipline. Long-term investors focused on appreciation over cash flow should proceed cautiously, as the 1.8% annual gain barely outpaces carrying costs in current rate environments.

The PropIQ score of 65 signals caution warranted by modest momentum indicators that could trend either direction. The 60-day absorption rate bears monitoring—any extension beyond 75 days would indicate softening demand, while contraction below 45 days would suggest renewed competition. With above-list transactions still in single digits, the next quarter's performance will clarify whether this represents a new equilibrium or transitional deceleration before further price adjustments.