A quick update on the state of our shifting Orlando real estate market.

What’s happening in our market? Interest rates are going up, and buyer confidence seems to be lower than ever. Lots of people think that they might’ve missed the market, and others are wondering when prices are going to drop. Will we see another crash like we had in 2007?

First, we don’t believe we will see another crash. Lending standards are much tighter now, and borrowers are much stronger financially. Until our low inventory changes, we will not see a significant shift in the market. Even though the supply of homes has gone up since last month, we are still very tight on inventory. 

However, we are starting to see small shifts. Our listings are getting fewer showings, and buyers are more confident in negotiations. These are some early signs that the market is shifting, and we expect to see a shift as the Federal Reserve continues to increase interest rates. 

This may be the best time to sell your home if you want to take advantage of our market. Call us at 407-499-8993 if you want an updated home valuation. If you have any questions, feel free to call or email us too. We’d love to help you.