Last year was a CRAZY year.. here are some Orlando real estate market trends we are seeing in the area we would like to share with you as it may help you in 2021.
We’ll be sharing the latest Orlando real estate market trends & forecasts to find out how they can affect homebuyers and sellers in the next six to twelve months. After a big slump in real estate sales during April, May, and June, home sales have bounced back since July in the Greater Orlando housing market.
Tight inventory and buyers returning to the market who were hesitant after the start of the pandemic means Orlando home prices are expected to remain strong. As per the current market trends, Orlando is all set to remain a seller's market in the next 12 months. In November, home sales in the Orlando area spiked 20.4% over the same time last year, according to the latest report from the Orlando Regional REALTOR® Association (ORRA).
A total of 3,251 homes were sold in November which shrank the inventory by 26.2% year-over-year. The number of days on market (DOM) has fallen to an average of just 44 days, the lowest in three years. “The highest demand is for homes between $200,000 to $350,000,” according to 2020 ORRA President, Reese Stewart, RE/MAX Properties SW. (post from NORADA REAL ESTATE INVESTMENTS)
Continguinsly as inventory keeps dropping and interst rates as low as ever... Buyers are getting more house, and sellers getting more money than ever!
If you or someone you know is looking to Buy, Sell, or invest in real estate, NOW IS THE TIME.
for more information feel free to contact me at: 407-683-4917 or Mendezhomesflo@gmail.com