Central Florida's real estate market saw a 7.4% drop in home sales and a 7% decline in new listings from June to July, with the median home price near $410,500—down $6,000 from June but $8,000 higher than last year. Affordability challenges persist, especially for homes under $350,000, pushing some buyers to seek options in surrounding counties. Homes are staying on the market longer, offering more negotiation opportunities.