The latest update on the emerging trends in our real estate market.

In the past few months, the central Florida real estate market has experienced some interesting changes. While the overall inventory has been gradually declining, the latest statistics show a surprising increase. Last month, the inventory went up by 96 units, bringing the total number of properties to 5,148 in the area.

Despite this increase, it is important to note that the market is still favoring sellers. However, the number of sales has significantly decreased. In April 2022, there were 3,800 units sold, whereas in the current year, that number has dropped to 2,766.

“The real estate market is still favoring sellers.”

The central Florida real estate market is presenting an intriguing scenario. Although the inventory remains tight, the demand for properties is remarkably low. A popular online platform like Zillow, frequently used by consumers, shows a concerning trend. Their year-over-year statistics reveal a staggering 70% reduction in inquiries. This implies that pricing a home correctly and implementing effective marketing strategies are more crucial than ever.

To illustrate this point, let's consider a recent success story. One of our newly listed properties received 13 offers in just one week and sold for $50,000 over the asking price. Moreover, the buyer paid in cash and accepted the seller's terms. This exceptional outcome demonstrates the importance of having a comprehensive marketing plan to maximize exposure and attract potential buyers.

If you are considering selling your property in central Florida, we would love to have a conversation with you. Our team possesses the expertise and resources to guide you through this challenging market. Feel free to reach out to us at (407) 499-8993. We are committed to providing top-notch service and helping you achieve your real estate goals.