Orlando-Deltona-Daytona Beach, FL

There are many factors influencing real estate trends in the Orlando-Deltona-Daytona Beach, FL CSA. The most significant drivers of the market are job growth, population growth, and tourism.

Orlando is one of the fastest growing metro areas in the country. The region has added over 400,000 jobs in the last five years and is projected to add another 1 million by 2040. The population has also grown rapidly, increasing by nearly 2 million people since 2010. This population growth is being driven by retirees, families relocating from other parts of Florida, and people moving from other states for work.

Tourism is also a major driver of the economy in Orlando. The area is home to some of the world’s most popular theme parks, including Walt Disney World, Universal Studios, and SeaWorld. These attractions bring in millions of visitors each year and generate billions of dollars in revenue for the local economy.

The combination of strong job growth, population growth, and tourism has resulted in robust demand for housing in Orlando. This has led to rising prices and tight inventory levels throughout the region. Prices have increased by double digits over the last few years and are expected to continue rising at a similar pace over the next few years.