Thursday, April 21, 2016 / by Tom Nickley
Are There Enough Homes Available for Sale in Orlando?
The spring selling season is off to a busy start in Orlando, and I want to let you know what’s happening to help you capitalize on your next real estate transaction. We’re seeing a lot of people who are ready to buy homes, but simply cannot find good homes to purchase.
Inventory is dwindling, and this is putting pressure on buyers. This is causing the prices of homes to rise significantly. Just in March, we saw the home prices rise by 10% as home sales fell 4%.
Simply put, we do not have enough homes available for sale. We have roughly 3.5 months worth of inventory, which places us in a strong seller’s market. As a buyer, you will need a strong pre-approval and you have to act when you find a home you like.
You will also need a qualified real estate agent to handle your transaction if you want a good chance at winning your dream home. My team and I can help you write an attractive offer on a home that will catch the eye of the seller and push it to the top of the pile.
For people thinking about selling in Orlando: now is the time! Do not delay - your home will be gobbled up by hungry hordes of buyers. If you want to catch the market at the top, then the time is now. A lot of our sellers are getting above the asking price only after a few days of being on the market.
We look forward to hearing from you!