Central Florida Market Update — November 9, 2026: Three Straight Weeks of Rate Relief — and the Buyers Still Haven't Shown Up.

Monday Market Update — November 9, 2026. Real numbers, real sources, and what they mean if you're buying or selling in Clermont, Groveland, Minneola, or anywhere in Central Florida.

Rates: three straight weeks of relief

Freddie Mac's weekly survey (released Thursday, November 5) put the average 30-year fixed at 7.18% — down from 7.24%, the third straight weekly decline: 7.40 → 7.32 → 7.24 → 7.18. The 15-year eased to 6.57%. The 10-year Treasury closed Friday near 4.84%. (Source: Freddie Mac Primary Mortgage Market Survey, 11/5/2026; market data as of Friday 11/6/2026.)

And before anyone assumes this keeps going: the Federal Reserve held its range at 3.75–4.00% on October 28 with two members voting to raise rates, and as of Friday the futures market was pricing roughly 73% odds of a December hike, not a cut. I won't predict rates — nobody honestly can. What three weeks of quiet declines prove is that relief arrives without an announcement, and it can leave the same way.

The strange part: the buyers still haven't shown up

Here's the story almost nobody is talking about. Rates have now fallen three weeks in a row — and national purchase mortgage applications still fell 1.2% last week, while pending home sales sat at a record low (as reported November 5). Cheaper money, and the competition stayed home.

If you're a buyer, read that twice. The last several times rates dipped, buyers flooded back within weeks and well-priced homes started drawing multiple offers again. Right now you can have the better payment and the empty open house — negotiable sellers, homes sitting two months, and roughly 3.5 months of supply in Clermont. That combination is the practical window, and it never lasts.

The freshest local numbers

Orlando's September report (the most recent metro data) shows the backdrop: median price $399,610, sales down 6.2% month-over-month, inventory at 12,464 homes (over five months of supply), and average days on market at 66. ORRA's president put it plainly: “A 7.3% rate changes the math for a lot of families, and September's sales reflect that.”

Clermont itself: median sale price $449,000, flat year-over-year, roughly 3.5 months of supply, homes selling at 98.5% of list after about 68 days, with roughly 1 in 7 still closing above asking (most recent local data refresh).

What 7.18% costs in real dollars

On Clermont's median-priced home — $449,000 — with 20% down (a $359,200 loan, principal and interest only):

• At 7.18%: about $2,433/month — $15 less than last week and $54 a month less than a month ago
• At the year-ago rate (about 6.30%): roughly $2,223 — still about $210 a month more than a year ago
• Every quarter-point is roughly $60 a month on this loan

On the Orlando metro median ($399,610, 20% down): about $2,166/month at 7.18%. Taxes, insurance, and HOA come on top — this is the apples-to-apples rate comparison.

What this means for you

Buying: your payment just improved three weeks running, and the buyers who would normally be bidding against you are sitting out — the application data says so. Shop while the market is quiet and the leverage is yours. Get pre-approved now so you can move the day the right home appears; you can refinance a rate, you can't refinance a purchase price.

Selling: thin demand means the market no longer rescues a wrong price — the wave of overpriced listings quitting the market unsold has kept rolling into November. Price right on day one and Clermont's numbers say you'll land near 98.5% of asking; chase the market down and you join the expired column. If your own listing expired recently: the market didn't fail you, the price story did — and that's fixable. I'll show you exactly where your home lands before we list.

Want the numbers for your exact neighborhood and price range? Call or text me at 315-335-4622, or book a time that works for you:

Book a Call with Troy  ›

If you want a read on what you'd qualify for at today's rates, Kenia Palmero at Just Mortgage (NMLS 2659006, 646-286-9726) is my go-to — you can start at 2320689.my1003app.com/2659006/register — and you're always free to use any lender you choose.

Troy Boss, REALTOR® · LIFESTYLE International Realty · 315-335-4622 · troy@bossregroup.homes

Sources: Freddie Mac PMMS 11/5/26; market data as of 11/6/26 close; Federal Reserve FOMC statement 10/28/26; MBA weekly applications and Redfin pending-sales reporting via RealEstateNews.com 11/5/26; Orlando Regional REALTOR® Association September 2026 report; Houzeo/Stellar MLS Clermont market data (most recent refresh). All payment figures are principal & interest only, for illustration — not a loan offer or lock quote.