We have crunched the numbers and analyzed the data in the Orlando real estate market for you. Here is your look at September! My preferred method for reading the market news is over a great cup of coffee. How about you?
Median Price drops
Last month I mentioned that the year over year gains have started to slow. Another month of numbers indicates we are definitely seeing market stabilization. The years and years of double digit gains in equity are over and the prices are leveling off.
What does that mean?
A normal market appreciates between 3-5% each year. That type of gain is a good thing for homeownership because it means your house gains value over time. However, large increases year over year make it difficult for normal people to afford to buy a home. Seeing the median price drop just means the market is leveling off and the market cannot sustain the double digit increases any longer. This is good news for affordability.
Download the PDF to learn more about when it is the best time of year to sell a home.
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