Florida Real Estate Blog

As we move into the summer months, Orlando's real estate market continues to show signs of stability and growth. Whether you're considering buying, selling, or investing, understanding the latest market trends can help you make the most informed decisions. Here's an overview of the current landscape:

Rising Inventory Offers More Choices:

• Orlando's housing inventory has seen a significant increase, with active listings up by 41.9% year-over-year. This surge provides buyers with a broader selection of homes and more negotiating power.

Home Prices Remain Steady:

• The median home price in Orlando stands at approximately $390,000, reflecting a modest 0.4% increase from the previous year. This stability indicates a balanced market, offering opportunities for both buyers and sellers.

Market Dynamics Favor Informed Decisions:

• With the increase in inventory and steady pricing, the market dynamics are shifting. Sellers need to be strategic with pricing and presentation, while buyers can take advantage of the expanded options.

Mortgage Rates and Affordability:

Mortgage rates have remained relatively steady, with the average 30-year fixed rate hovering around 6.6%. While higher than previous years, these rates are still considered favorable in the long term.

Tips for Buyers and Sellers:

• Buyers: With more listings available, take the time to explore different neighborhoods and compare properties. Ensure you're pre-approved for a mortgage to strengthen your negotiating position.
  

• Sellers: Price your home competitively and consider making necessary updates to appeal to buyers. Staging and professional photography can make a significant difference in attracting offers.

Navigating the Orlando real estate market requires up-to-date information and expert guidance. Whether you're buying, selling, or investing, staying informed about current trends can pay off when choosing your next move.