Monday, January 9, 2017 / by Tom Nickley
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 both the buyer and seller side."
If you're thinking about selling your house, with inventory as low as it is and the high number of people looking to buy, you have a great audience looking for your house. With low mortgage rates as well, the pool of buyers who can afford your home is much larger.
At the same time, sellers need to find a professional real estate advisor with that top technology who can market your home and put it above the rest of the homes on the market. Hopefully, you can sell your home quickly for a very good price.
All in all, things look good on both the buyer and seller side. If you have any questions or you're thinking about buying or selling in the Orlando market, give us a call or send us an email. We'd love to earn your business.