Dream Builders Realty shares the most up-to-date information regarding the Central Florida real estate market every month. We do this for you, the home buyer or seller, to provide you with insight on what is happening in the local market. This information can be used as a starting point for your next big real estate adventure!
Fall is in full swing and homes are moving off the market. Here in Central Florida, the number of pending home sales are up an average of 38% compared to last month. Orange County boasts the highest increase in pending sales, up 42.6% compared to last month. Closed sales are up in Orange, Osceola, Lake and Seminole counties while prices are down throughout Central Florida compared to last month. Lake County is the exception with home prices up 2% over September. The average home price for all four counties is still up 21.9% compared to this time last year.
How does the real estate market affect you if you’re selling your home? First, make sure your REALTOR® is keeping up to date with the latest real estate market data. Review your marketing and pricing strategy with your REALTOR® to make sure it’s still relevant, taking the current market data into consideration. In an active market such as this one, staying competitive is the name of the game. Stay on top of real estate trends in your neighborhood by signing up for a free Home Valuation and Neighborhood Report.