We have crunched the numbers and analyzed the data in the Orlando real estate market for you.  Here is your look for May!  Summer is around the corner and the market should be heating up, but the numbers tell an interesting story.

Is this a good time to sell?

This month we re-vamped the infographic to give you all you need to know in one quick glance. The real estate industry cycles up and down. It can be seasonally or larger economic shifts. Seasonally, summer is known as being the busiest time of year for sales. Selling during the summer months is an opportune time to get the most buyers in front of your listing. And this summer may be a last chance to take advantage of top dollar for a while.

The best way to keep your pulse on the market is to look at inventory, sales, and market appreciation (year over year median sales prices). Inventory and sales equal supply and demand. Evaluating these numbers tells the story of where the Orlando real estate market is going and if it’s a good time to be a buyer or a seller.

A look at last months numbers shows listing inventory up from last year and sales down from last year meaning demand is down and supply is up. This trend over time will lead to declining prices. And because we have been watching this trend for a little while now, it is no surprise that for the first time in 8 years the median sales price has decreased year over year. The tides are turning just slightly and buyers will soon be the ones with the negotiating power. The prices may have reached the top. If you have been thinking of selling and want to get top dollar, the market is there and summer is here. Contact us today 407-494-2820 or use the form to get started while the prices are at the top.