We are looking at the month of June and what has closed. The number of sales is down from where it was last year, which is not particularly surprising. The interest rates were in the mid to high 6s and that coupled with rising average sales prices has made it less affordable for buyers out there.

Although the median price declined slightly (-.52%), one item you may not see on news headlines is that the average sales price went up. In fact, it’s the highest record average sales price in the Orlando area at $461,242.

Prices are strong. And as a seller, we are still seeing multiple offers at that average price point and below. But the rising rates are definitely having a cooling effect. And buyers are being more bold with lower offers and/or negotiating credits. As a buyer there is more opportunity now then you have had in many years to actually get the house you want and/or negotiate closing costs or repairs. I believe this is the year for contingent buyers to make their move. If you need to sell you have a great chance to get your offer accepted and there are options to do so. Download our free report to learn more about buying and selling at the same time.

And as always everyone’s situation is unique, give us a call if you have any real estate needs at 407-982-7240.