Central Florida home sales are statistics are sluggish for November 2022. Based on interest rates have spiked five times. June, July, September, November and December 2022. This is historical and never has happened to this magnitude in the federal government. Unfortunately something had to happen to break this post pandemic cycle. These charts shows the tru results of what has happened in the month of November 2022.
Of course demographics makes a huge difference within the dynamics of pricing a home for sale in the Central Florida area. One thing we do know nationwide is that homes sat on the market almost double the time, bidding wars have ended and contracts with home inspection are now active.
Some sellers are actually giving incentives to offset what the buyer has to come out of their pockets to help make the transaction completed. The housing market is still in the first phase and going into the second phase of transition while preparing for fifth spike in the mortgage interest rate December 14th 2022.
Home listings jumped 88% since a year ago in Central Florida which is a very good sign for buyers. The actual days on the market jumped 53% more since a years ago. We currently have 90 days of housing inventory at this present time. Lastly the average sales price jumped 8% from this time last year. The key to always selling homes is for the realtor to follow the metrics to list a home properly the first time because this starts a track record for those all reviewing properties. This takes skill and diligence.
As a trusted advisor, professional realtor and retired military veteran, I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt.
We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure that you are making the right decisions. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey contact me today at 850 496-6412 to help begin a new walk to homeownership and all of your real estate needs. Click link to learn more about Kevin /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html