Normally this time of year we start to see a little downturn in the Orlando real estate market. The summer months are packed with listings and sales because it’s an opportune time for families to make a move while the kids are out of school. Then kids go back to school and we see a little dip in sales. 

The market is seasonal and the dip in the number of sales usually happen in Sept. – Nov.  Then we get another peak back up with everyone who decide they want to close before the end of the year. 

This year has been a weird one for sure.  I think everyone thought the market would most surely crash when the initial lock down from the Pandemic occurred.  But we very quickly bounced back. And this pandemic has actually led to one of the craziest markets in very a long time. 

The reason is because many people are now working from home and need more space. With the interest rates as low as they are – it’s a no brainer to buy a home or upgrade.  In fact, we ended August with an average interest rate of 2.85% – the LOWEST recorded rate in the 20 year history I am currently reading. At the same time many people stopped listing their homes during months they normally would because they either thought it would be a bad year to sell, have health issues and didn’t want to risk it, or refinanced into amazing low interest rates and started making some renovations to stay put. 

SO that set of circumstances has led to many people feeling stuck like they cannot sell because they have nowhere to move to.  The lack of inventory has created a catch 22 situation.  If you don’t have a home to buy it makes it difficult to want to sell. But without more homes for sale we will continue to have this tight market driving the prices up 10% since last year.

Ultimately some people are going to start listing their homes soon or we are just flat going to run out of houses!  We had 2 months in a row where there were less than 2 months of available inventory.  That has not happened in 15 years.  

The thing people don’t realize is that if you are a seller in most cases you have all the leverage, so there are ways to sell and still ensure you find a home and don’t feel rushed.  You have the upper hand in negotiations and when you list with a professional we can help you navigate this and promise you won’t become homeless or feel like you settled on anything!  

There are a lot of ways to sell and buy at the same time.  Text BUYSELL to 407-641-2888 for our free guide to buying and selling at the same time or give us a call at 407-982-7240 to learn more about our solutions to get you into that larger home and cash in your equity while you can.