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…

379 Views, 0 Comments

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…

326 Views, 0 Comments

 

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…

324 Views, 0 Comments