We have crunched the numbers and analyzed the data in the Orlando real estate market for you. Here is your look at November! My preferred method for reading the market news is over a great cup of coffee. This month how about a nice pumpkin spice latte?!
Again More Listings!
We saw a rise in the net number of listings available last month for the 3rd month in a row. It’s the opposite of what usually happens this time of year.
What does that mean?
We have been saying this for a while now, but it bears repeating. Rising inventory and declining sales are indicators of a shifting market. A shifting market isn’t necessarily a crash or huge recession. It just means days on market are longer, prices may drop a bit, and the buyers will begin to have more leverage in negotiations. As a seller, it’s important to beat the competition in early 2019 as this listing trend is likely to continue.
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