Central Florida Real Estate Market Recap of March 2022

March’s median home price was recorded at $361,000. This sets a record high for the second month in a row.

March 2022 Recap

State of the Market

  • March’s median home price was recorded at $361,000, an increase of 4.6% compared to $345,000 in February 2022. This sets a record high for the second month in a row.
  • Interest rates increased by 8.7% from 3.9% in February 2022 to 4.2% in March 2022.
  • Overall sales in March increased by 28.2%, with a total of 4,100 sales compared to 3,198 sales in February 2022.
  • Homes spent an average of 27 days on the market in March, down 10% from February 2022 when the average was 30.
  • Inventory increased in March by 7.1% from…

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What Does Homeowners’ Insurance Cover in 2022?

As a part of buying a home, you’ll need to consider what will happen if something breaks or is damaged in the home. These issues can be costly and stressful to deal with, which is why it’s important to have insurance in place. Homeowners' insurance is often required, but even when it’s not, it is a good idea to plan to purchase a policy. Before you begin looking at homes for sale in Groveland, FL, you can read this guide to understand what a homeowners’ insurance policy covers and what to think about when it comes to your own coverage.

Basics of Homeowners’ Insurance

A standard homeowners’ insurance policy is designed to offer protection if you need to repair or replace your home and its contents…

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Condo vs. Townhouse: What’s the Difference?

When it comes time to buy a home, understanding the difference between a condo and a townhouse can help narrow down your options. Many homebuyers consider factors like size, location, price, and structure, with some opting specifically for a condo or a townhouse. However, while condos and townhouses share similarities, they also have distinct differences that are important to understand. Read on for a comprehensive look at each option and how they differ so that you can determine which new homes in Davenport, FL are right for you.

What Is a Condo?

Condos, or condominiums, are a type of housing defined by the structure of ownership. Most condos are similar to apartment buildings, with very similar…

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Is My House in a Flood Zone?

There are a huge number of things you may consider when deciding where to purchase a home: How is the school district? Is it on a noisy road? But most people don't ask themselves about the potential for flooding, assuming that it isn't a huge concern. But in fact, many US homes are in official flood zones, which can pose risks down the line. The most high-risk flood zones are near bodies of water, so if you're looking at new construction in Davenport, FL, this is certainly something to consider. However, being in a flood zone doesn't mean your home is a bad purchase- you simply need to understand what protection is important to have in place.

Determining if a Home is in a Flood Zone

Many websites allow you to plug…

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Pros and Cons of Buying a Condo – Is It Worth It?

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Deciding what type of home to purchase is a huge decision that ends in likely the biggest purchase you will ever make. You likely want to research all of your choices, including single-family homes, townhomes, and condominiums. Some people swear that condos are the best way to go, while others may caution you to stay away. So should you consider a condo when exploring new homes in Orlando, FL? Read on for a breakdown of these homes and why they may or may not work for you.

What Is a Condo?

There are a lot of misconceptions about what exactly a condo is- some people say it’s an apartment that you own, while others confuse it with a townhouse. These homes all share similarities but are distinct…

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Is Buying Land a Good Investment?

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When it comes to owning a home, one of the main pieces of value is often the equity it can earn you over time. And while the home itself has a lot of value, the land where it is built is a component of that value that is often overlooked. Buying land itself is an opportunity for investment- but is it a good one? Whether you are looking for a nest egg or building a home for sale in Winter Haven, FL, there are many reasons that purchasing land could be a good option for you.

The Basics of Buying Land


Before much of the country was populated with homes, buying land was how most people settled. Those who buy land today have freedom that is less common- to build a home or a business on the property or simply to…

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February’s median home price was recorded at $345,000, an increase of 2.99% compared to January 2022

February 2022 Recap

State of the Market

  • Overall sales in February increased by 5.44%, with a total of 3,198 sales compared to 3,033 sales in January 2022.
  • February’s median home price was recorded at $345,000, an increase of 2.99% compared to January 2022 and setting a new record high, surpassing December 2021’s record high of $340,000. The median home price in February 2021 was $280,000.
  • Homes spent an average of 30 days on the market in February, down slightly from January 2022 when the average was 32.
  • Inventory continued to drop in February, decreasing by 2.77% from January 2022 for a total of 2,313 homes on…

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Moving OuT for the First Time Checklist

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The first time you get your own place to live is exciting, scary, and can be overwhelming. Not only do you have to fill an entire home with your own things, but you also need to make sure all of your bills and paperwork are set up properly, all with the added stress of paying for your own expenses! Whether you finally got your first apartment or are moving to a vacation home in Davenport, FL, there are some considerations that can make the process a lot smoother. We’ve compiled our best tips for anyone taking this important step!

Home Essentials

It can be tempting to buy every single thing you may need as soon as you move in--after all, you’re excited to set up a home the way you like it and may feel…

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How Often Does Your Credit Score Update?

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When you are planning to make a big purchase, it can feel like your credit score is always looming and coming up in conversations. You may be making changes to your spending and savings habits in order to improve your credit, which makes it tempting to check your score as often as possible. But what if you see little change? Don’t be discouraged because credit scores are updated according to a range of factors, and changes may take a bit to show up. As you browse homes for sale in Clermont, FL, it’s important to understand how and when your score may change.

What Is a Credit Score?

First, it is important to know what your credit score represents and how to interpret the number you see. Credit scores…

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What is the Average Cost to Build a 1,500 sq ft House? 

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Buying any home is a huge investment, and you may consider many factors when making a decision for your family. This can include whether to build a new home or buy an existing one and what your requirements, including size, are. The average-sized home in 2019 was about 2,500 square feet- but what if you need less space and prefer to build a new home in Davenport, FL? We will break down the average cost of a 1500 sq ft home to help you determine if this is the right path for you.

What Can 1500 Square Feet Include?

Most of us cannot instantly visualize what 1500 square feet means, especially when it is in the shape of a house, which could include different features and stories. An…

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