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Prices are rising in our Central Florida market. Here’s why.

What’s the latest from our Central Florida real estate market? In June 2019 we had 8,050 homes for sale, and as of this June, we had 6,557 properties for sale. Inventory is very tight; what’s considered normal here is to have about 12,500 units for sale. Typically, it would take us about six months to sell all that inventory, but right now we have around a three-month supply, and in some price points, even less. Even with reduced inventory, we’re still seeing an increase in sales compared to the same time last year. Demand is extremely high, and buyers are having to do creative things to get their offers accepted in multiple-offer situations. The lack of inventory is also increasing home prices. Buyers are willing to pay over the appraised value because of the low rates currently available. 

We have reduced inventory, but demand is extremely high.

A couple of weeks ago we sent out an offer for a free home evaluation; if you didn’t take advantage of that, we’d still love to provide it. We’ll ensure it has the most up-to-date information.If you have any questions about our current market or real estate in general, please give us a call or send an email. [/av_textblock]