As of November 16th 2022 reports show houses for sale in Orlando Florida are still selling quickly. The typical home that has went pending in September recorded a buyer in only 19 Days. However when you take a look at the wide spectrum of the Dr Phillips area to include those sellers that has not acquired a willing, able and ready buyer in 19 days. Looking at the overall picture of the inventory of homes for sale, including those that have not found a buyer, the number of days on the market are a bit higher. adding to that it's much closer to 54 days which is at a 45 percent increase from last year this time. This shows that the interest rate spike four times this year so far has made a huge difference in the housing market.
Economist are predicting that at this point in time a buyers market is in slow motion. Realtors are educating sellers that the housing market is driven by interest rates and are currently reflecting the slow down in purchasing. Homes are no longer purchased without home inspections and now some are selling with contingencies and buyer concession. Homes are lingering on the housing market much longer, this gives buyers more time to make decisions. Home sellers that are serious about selling, have to make their home much more attractive through their realtor in this season we are encountering. Homes in the Dr Phillips area nearby Disney Theme parks are selling at a much better pace than expected due to realtors are now educating their sellers on new marketing strategies amongst their ambiguous competitors. Click link to get a free book on navigating the home buying process https://kevinstrawter.book.live/buyer-book
As a trusted advisor, professional realtor and military veteran I am here to serve you and always on the pulse of the housing market for the Dr Phillips area and Central Florida. Contact Kevin Strawter at 850 496-6412 and stay tuned and educated in this volatile housing market to purchase or for the sale of your home.
Don't let this shifting market delay your dreams. Data shows home values typically appreciate over time, and that gives your net worth a nice boost. If you are ready to start your journey to homeownership, reach out and stay connected to me today. Click link to know more about Kevin Strawter.