An update on our inventory situation and how we find off-market homes.

Today we want to share the latest data with you and let you know what's going on in our market.

Inventory has decreased again. In Central Florida, we're down to 2,379 active units. However, we're still helping buyers find homes. We do this by finding off-market properties. We have a list of people that are thinking about selling but aren’t currently on the market. We typically look at the best, most recent sale and raise the price by 5% to 10%.

For example, we put a property in Doctor Phillips on the market, and the previous highest sale in the subdivision was $387,000 but didn’t have a pool. We made the adjustments and priced it at $430,000. We were on the market for three days and had 14 offers, and the offer we ended up accepting was for $478,000. They included an escalation clause and $40,000 in appraisal gap coverage. Those are just a few creative things we're doing for our buyers and sellers in this tight market.

If you have any questions, visit our website and reach out to us by phone or email. We look forward to hearing from you.