Orlando Real estate prices keep increasing as Inventory decreases
It’s becoming painfully obvious that when it comes to Orlando real estate, it’s officially a seller’s market. The market is nowhere near as inflated as it was in 05′ 06′ , but we’re definitely moving in the right direction. For the 4th month in a row Orlando home prices continue to go up. This is great news for homeowners that have had their value cut in half during the past five years, whether or not this trend continues remains to be seen.
Most of our own listings at Orlando Realty Consultants usually will have a solid contract on them within 5 days of putting them on the market, sometimes we’ll even get a contract within that first day of listing them. More and more we are seeing multiple offers come in and most of the time the offers are above the listing price.
Orlando’s summer Home Buying season is in full swing
It’s that time of year again. The kids are out of school and people that have been wanting to buy an Orlando Property but didn’t want to switch their kids to a new school mid way through the school year are now actively searching for their Orlando home before the new school year begins. The evidence is in the numbers, median home prices are up 2.6 percent since April. This is proof that Orlando home buyers are on the hunt with a certain sense of urgency.
However, even with the increased seasonal demand and attractive interest rates, Orlando Realtors completed fewer sales in May than they did a year earlier. Orlando agents reported a preliminary count of 2,337 home sales last month, down 5.8 percent from May 2011
If you’re thinking of selling your Orlando Property, now may be the perfect time to do it. Finding a buyers for Orlando realty has never been easier. Sellers are finally back in the drivers seat for the first time since 2006. Find out what your Orlando Property is worth here
