Each month, Dream Builders Realty shares these market updates as a way to provide home buyers and sellers with insight on what is happening in the real estate market in Central Florida. By using this information as a starting off point, you will be more prepared when it does come time to talk with a Realtor®.
We hope our monthly Central Florida real estate market updates (including our December 2014 real estate market update) help with your real estate needs when it comes to buying or selling your next home in Central Florida.
In the Orlando region (Orange, Osceola, Seminole and Lake counties) the median sales price rose 7.7 percent from January 2014 to $155,860 for January 2015. That rise in price is good news for homeowners because the value of their largest asset is increasing, but it should also serve as a warning sign to those potential home buyers sitting on the fence. When rising prices combine with an expected increase in interest rates, potential buyers may find themselves locked out of the market because they are no longer able to qualify for a home they were interested in. There are currently 12,070 active homes on the market in Central Florida for eager home buyers to choose from.