Friday, October 26, 2018 / by Harvey Rosenberg
The US is down, but Orlando is up
According to the National Association of Realtors, overall existing home sales (not new construction) declined throughout most of the United States by mid-year. Interestingly, however, Orlando prices continued up, just slightly slower than earlier in the year.
This is great news for sellers that want to fetch a higher price.
Even better news, the Orlando housing affordability index in August was 129.58. According to the World Property Journal,
InventoryBuyers should be aware that inventory has not kept up and it may be harder to find what you're looking for. This either means you'll search longer, or you'll be in more competition to get the home you're looking. Be prepared ahead of time by having your financing good to go.
On the flip side of that, fall is generally a slower home buying season. You may have less competition than before. Additionally, sellers looking to take advantage of any tax breaks are eager to sell before the new year.
Regardless if you're buying or selling, having an experienced listing agent or buyers agent is important to get the most out of your home.
Contact Realty Professionals for listing or buying agents to get you started on the path today.