Central Florida Real Estate Recap of January 2024

New Orlando Regional REALTOR® Association data shows spike in listings kicking off the new year.

State of the Market

  • New listings rose 46.3% from December to January, with 3,524 new homes on the market in January, compared to 2,409 in December.
  • Inventory for January was recorded at 8,217, up 4.8% from December when inventory was recorded at 7,838.
  • The median home price for January was recorded at $360,000, down from $367,250 in December. This is the third month in a row that median price fell. Median price has dropped $17,000 since October 2023.
  • January’s interest rate was recorded at 6.5%, down slightly from 6.6% in December. This is the third month…

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5 Signs Your House Will Sell Quickly in 2024

5 Signs Your House Will Sell Quickly in 2024

What Usually Stops a House From Selling

As we enter the real estate landscape of 2024, selling your home might be on your agenda. Understanding the signs that indicate a quick sale can empower you as a homeowner. In this guide, we’ll delve into five key signs that suggest your house won’t linger on the market. Whether you’re in the Sunshine State or beyond, these insights are tailored to help you gauge how fast your home might sell.

1. Exceptional Market Demand in Your Area

Real estate is fundamentally driven by supply and demand. In areas where housing inventory is low but buyer interest is high, homes tend to sell rapidly. This demand can be influenced by various factors, including economic…

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3 Best Neighborhoods for Young Professionals in Orlando

3 Best Neighborhoods for Young Professionals in Orlando

Orlando, a city bursting with vibrant culture and a dynamic lifestyle, has rapidly evolved into a hotbed for young professionals. This transformation is largely driven by its thriving job market, which spans various booming industries such as technology, healthcare, and entertainment. Major companies, including Lockheed Martin and Siemens, along with a growing tech startup scene, offer abundant career opportunities. Additionally, the presence of renowned medical facilities and research institutes contributes to a robust healthcare sector.

This surge in diverse career options, coupled with Orlando's famed entertainment scene and quality living, makes it an increasingly popular choice…

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Discover the 3 Best Neighborhoods in Winter Haven, FL for Your Dream Home

Discover the 3 Best Neighborhoods in Winter Haven, FL for Your Dream Home

Nestled in the heart of Florida, Winter Haven is a city that exemplifies charm, community, and comfort. Known for its picturesque landscapes, serene lakes, and vibrant culture, Winter Haven has become a sought-after destination for those seeking a peaceful yet engaging lifestyle. But, is Winter Haven a good place to live in Florida? Absolutely! With its unique blend of tranquility and activity, this city offers something for everyone. Let’s explore the best neighborhoods in Winter Haven FL and know why these are an ideal place for your dream home.

Ruby Lake: A Gated Community of Serenity and Comfort

In the serene embrace of Winter Haven lies Ruby Lake, a neighborhood…

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What Not to Fix When Selling a House to Save Money

In the realm of real estate, the condition of a property significantly influences its sale price. Generally, well-maintained houses fetch higher prices. However, over-improving a home, especially in areas that don't yield a high return on investment (ROI), can lead to financial losses. As a seller, discerning which repairs or renovations are essential and which aren't is crucial. This article is designed to guide you through this process, helping you avoid unnecessary expenses and focus on what truly matters for a profitable sale.

Why Consult a Real Estate Expert Before Selling

Seeking advice from a real estate expert before listing your home is a game-changer for optimizing your sale price.…

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Average HOA Fees in Florida Compared [2024]

In 2024, understanding Homeowners Association (HOA) fees is more crucial than ever for anyone involved in the Florida real estate market. Whether you're a first-time buyer, a seasoned investor, or simply considering a move to the Sunshine State, these fees can significantly impact your budget and lifestyle decisions. This guide provides a comprehensive comparison of average HOA fees across various Florida locales, helping you make well-informed real estate choices.

Understanding HOA Fees in Florida

HOA fees are monthly or annual charges paid by homeowners within a community to cover shared amenities and services. These fees typically finance the maintenance of common areas, landscaping, and…

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Buy Before you Sell

With Florida's ever-evolving real estate landscape, the key to a successful transition lies in the approach of buying before selling. Despite a challenging market, this strategy presents numerous advantages to the proactive homeowner.

 

What is Buy Before You Sell?

HomeLight's Buy Before You Sell Program is designed to streamline the process of transitioning between homes in the real estate market. This innovative approach is structured around three beneficial steps:

  1. Unlocking Home Equity with Ease: The program begins by evaluating your property to determine how much equity can be unlocked through HomeLight Home Loans, Inc. This crucial step allows homeowners to access significant funds from their current property, providing…

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Is It Harder to Sell a House With a Pool in Florida? 

IS IT HARDER TO SELL A HOUSE WITH A POOL IN FLORIDA

In the ever-evolving landscape of Florida's real estate market, homes with pools have carved out a significant niche. Known for its sunny weather and beachside allure, Florida naturally draws homeowners towards the luxury of having a private pool. The appeal lies in the lifestyle enhancement—a personal oasis for relaxation and entertainment. However, owning a pool in Florida isn't without its challenges. Maintenance, safety concerns, and varying market preferences can make pools a complex feature when selling a home. In this blog, we'll dive into whether these factors make it harder to sell a house with a pool in Florida.

The Pros and Cons of Owning a Pool in Florida

Florida’s warm climate…

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New Construction Home Sale!

Enjoy up to $15,000 in Flex Cash on Move-in Ready Homes

New Construction at Forest Lake

Now Selling in Davenport, FL

Boldly unboring homes are now available in Forest Lake, a new home community ideally located off of US-27 just south of I-4. Live in the heart of Davenport, FL and just a short drive from the bustling metros of Orlando and Lakeland. Drive a little further and enjoy everything that Tampa has to offer. 

✓ Get your closings costs PAID, saving you up to $15,000!*

✓ Lock in a fixed interest rate as low as 5.25%**, saving you money every month!

Connect with us Now for More Information

 

*Offer available only on certain inventory homes that contract after 1/2/2024 and close by 3/21/2024. Contact a sales consultant…

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