The Orlando real estate numbers are in and we have analyzed the data for you.

The Central Florida real estate market is facing a “cooling effect”

July numbers are in and we are seeing an increase in the amount of homes on the market at one time. For the first time in 2 years we have just under 2 months worth of inventory on the market. A normal balanced real estate market would be four to six months of homes available for sale.  So we are still technically in a “hot” market but we are starting to see the effects of these rising rates and affordability. This will likely continue as we head into August, September, October because this is always a slower time of year.  Beyond our seasonal down cycle we will keep our eyes on trends of the shift. 

Prices have gone down slightly month after month but it’s still up 19% since last year! These prices are still drastically higher than they were last year and we expect that the cooling effect will continue to bring some of the prices down in areas where there’s not as much demand. Real estate is so hyper local and it really depends on where you are in the city what your experience will be when you go list your property. You could find that there’s still multiple offers in some pockets and some price ranges – and you might find that you’re home sits on the market for three to four months in other areas.

Thats why it’s really important that you work with a real estate professional that knows what they’re doing and is a market expert to prepare for the best scenario as you buy or sell at this time. 

Whatever your needs are in today’s market give us a call and we’ve got you covered! (407) 982-7240