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Market Updates | Blog

Tuesday, November 07, 2017   /   by Tom Nickley

How Has Our Orlando Market Recovered Since Hurricane Irma?

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How’s our Orlando market faring in the wake of Hurricane Irma?

It’s been about a month and a half since Irma struck, and the good news is our market is back in full swing. Obviously, when storms come through—especially hurricanes—it does have a lasting impact. In our market, though, that impact was pretty short-term.

The areas of impact are obvious to note. Because of power being lost, title companies being closed, and mortgage companies needing post-hurricane inspections, our market slowed down. Additionally, there is a segment of sellers who might’ve pulled their home off the market to do repairs and another segment of prospective sellers who delayed putting their homes on the market to get past the aftermath of the storm. Unsurprisingly, inventory declined 31% from September of last year to September of this ye ...

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Thursday, June 29, 2017   /   by Tom Nickley

Don't Wait to Take Advantage of Today's Hot Market

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As I’ve talked about in past updates, the market here in Orlando is red hot. Not only that, but this market is great for buyers and sellers alike. 


From May of 2016 to May of 2017, sales grew by 14% and a there was a decrease of inventory, over that same time frame, of 17%. 


Buyer demand is at an all-time high and is driving inventory down steadily over time. Currently, we only have 2.3 months of inventory for Orlando, which is far below the six-month supply that is considered by experts to be a healthy market.


With numbers like this, it is a very strong seller’s market with lots of competition between buyers and a lot of multiple-offer situations. But, ultimately, despite that high buyer demand, the market is healthy right now for buyers and sellers in our area. 


This is because our market is still seeing increa ...

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Tuesday, May 16, 2017   /   by Tom Nickley

The Busiest Week in Real Estate Is Upon Us

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What’s going on in our market?

Our market is hot right now, and the selling season is in full swing. Spring has been incredibly busy and summer is expected to be even busier. In the central Florida market we have way more buyers on the market than homes being sold. 

That brings me to one of the most important aspects of our current market, the inventory. A lot of new buyers hit the market during the spring, but there wasn’t a lot for them to choose from. It’s an incredibly competitive market, so I recommend using the best research tools and a buyer’s agent to ensure you can snag a home. 

June is coming up, which is the busiest month for buying or selling a home. Kids are getting out of school, which makes summer the easiest time to move. Because of that, it’s predicted that the first week of June this year will b ...

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Monday, January 09, 2017   /   by Tom Nickley

How Our Market Is Able to Favor Both Buyers and Sellers

Want to sell your Orlando Home? Get a FREE home value report | Want to buy an Orlando Home? Search all homes for sale
 
Today I just wanted to briefly give you a snapshot of the Orlando market. It's absolutely booming right now!

Year after year, our sales are increasing, but at the same time, the supply is decreasing. In fact, supply is down about 10% from the year before. This means buyers really need to determine who the best real estate professional to work with will be. They need to be up to date on what's happening in the market and have all the latest technology and tools to put the right homes in front of you.

With inventory decreasing year after year but demand still rising, most buyers are noticing that if they wait to put in an offer on a home, those homes will have moved past them. With rates still historically low, though, there are still a lot of great bargains out there. This is also a positive sign for sellers.
 
"All in all, things look good for bo ...

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Wednesday, October 26, 2016   /   by Tom Nickley

What’s Happening in the Orlando Real Estate Market?

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As of the end of September, the Orlando real estate market is healthier than ever. How can we tell? There are several key indicators that we look at. 
First of all, the median sales price is up 12% from $182,500 in September of 2015 to $205,000 in September of 2016. That also marks 62 consecutive months of increases in our median home prices. Not only that, but the median price is actually up 77.5% since July 2011, which clearly indicates that our market has improved. 
Another indicator is the amount of inventory that we have. Inventory is a major factor contributing to sales in the area. Right now, there are 10,362 homes on the market, which is actually the lowest that inventory has been all year. This is also the lowest inventory we have seen since March of 2014. Finally, September marks 15 consecutive months of decline in inventory for our area ...

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