Real Estate in Review for February 2018
Our housing inventory is STILL FLYING OFF THE SHELF!
The most recent stats show an increase in the average sales price by 5.5% from March 2017 to last month, March 2018. Still a positive jump when looking at your potential equity in your home.
Did you purchase your in the last few years and want to see how much your property value has increased..? Let us know and we'll get a custom market analysis to you RIGHT AWAY.
Orlando home sales were up only 1% when compared last year to this year for the month of March, but when comparing February 2018 sales to last month March 2018 there was a dramatic increase in sales - up over 38%. Meaning Orlando closed on ALMOST double the amount of properties than it did the month prior. That's crazy! Shows you how motivated buyers and sellers currently are.
There are currently 7,710 homes available for purchase through the MLS. Our inventory level is almost 10% lower than this time last year.
The average days on market for homes before going under contract is now 60 days total. Our team prides ourselves with an average 18 DAYS ON THE MARKET for the full year in 2017.
Have you seen the news regarding interest rates right now? We're looking at an average of 4.29% for an interest rate. Seems to of come down from last month, let's hope that pattern continues. Either way, best time to buy is NOW.
Interested in finding out more about the local real estate market? Contact us for a no obligation, stress free call or appointment to meet up and discuss your home buying or selling needs.