Central Florida Real Estate Market Recap of June 2022

Housing inventory jumped 41% in June with an additional 1,586 more homes on the market in June

June 2022 Recap

State of the Market

  • Inventory increased by 41.2% from May 2022 to June 2022, with 1,586 more homes on the market in June compared to May. This is the second month in a row with a surge in inventory, following May’s increase of 44.2%.
  • Inventory increased by 75.5% from June 2021 to June 2022, jumping from 3,098 homes in June 2021 to 5,437 in June 2022.
  • June’s median home price was recorded at $387,000, an increase of 1.9% compared to May 2022; this sets a record high for the fifth month in a row. This is a 22.9% increase from June 2021 to June 2022,…

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'Why do I need an agent?' 7 quick answers for doubters

Real estate agents still play a valuable role in the age of algorithms and DIYers

Many people believe that if you have the right algorithm, you will find the perfect property or that a transaction is as simple as what is shown on reality TV shows.

What most don’t realize is the negotiating expertise required, what it takes to overcome transaction problems (and they can be numerous) and that you must know and coordinate the best service providers (as many as 25) to get the deal closed.

All these aspects of expertise can save homebuyers or sellers thousands of dollars, or make them thousands of dollars, while ensuring that they are legally protected in all the steps to closing.

If…

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Where Are The Best Places To Live In Florida Right Now?

When most people picture Florida, the first things that come to mind are the beautiful beaches and the seemingly endless supply of sunny days and clear skies. This is absolutely a draw - after all, it is the Sunshine State! But Florida has so much to offer, from theme parks to historic sites, and many cities meet almost any needs. 

Florida is so much more than just the bustling Miami nightlife you see on TV. In fact, some of the most popular cities for new residents are far north of well-known South Beach! 

The top ten places to live in Florida are:

  1. Sarasota
  2. Naples
  3. Melbourne 
  4. Davenport
  5. Tampa
  6. Clermont
  7. Orlando
  8. Port St. Lucie
  9. Lakeland
  10. Windermere

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Central Florida Real Estate Market Recap of May 2022

May’s median home price was recorded at $379,950, an increase of 2.7% compared to $370,000 in April 2022

May 2022 Recap

State of the Market

  • Inventory increased by 44.2% from April 2022 to May 2022, with over 1200 additional homes hitting the market in May compared to April – this is the highest monthly increase in Orlando inventory to date
  • May’s median home price was recorded at $379,950, an increase of 2.7% compared to $370,000 in April 2022; this sets a record high for the fourth month in a row.
  • Interest rates increased from 4.9% in April 2022 to 5.3% in May 2022. This is the highest interest rates in the Orlando area have been since 2009. This is also…

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How to Survey Your Own Property

There are many reasons you may need to conduct a property survey and determine where the exact boundaries of your property lie. If you are buying or selling a home, this can be important in listing the correct area, or it may be important for construction purposes to be sure you don’t cross the confines. In these scenarios, you should hire a professional surveyor. This is what most homes for sale in Lakeland, FL, will have done before posting a listing. However, to simply understand the legal lines of your home, you can perform a rough survey yourself with a bit of research and caution.

Deciding to Survey Your Land 

The main driver behind a self-survey of your property is to settle disputes surrounding property…

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What Is a Security Deposit?

what-is-a-security-deposit

The experience of owning a home has a number of marked differences from the experience of renting a home, including the way finances work in each scenario. If you have ever rented an apartment, you may have paid a security deposit- but what exactly does that mean? Whether you are thinking of renting out your own home or deciding if you should look at new homes for sale in Orlando, FL, understanding this common rental formality can help you think through all the financial implications of your decisions.

Security Deposits 

In simple terms, a security deposit is a sum of money that a new resident pays to their landlord or property management company upon signing a lease and moving into a home. The payment is meant to…

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Townhouse vs. House: How to Choose Your Next Home

townhouse-vs-house-how-to-choose-your-next-home

Few decisions you’ll make will be as impactful as choosing your home. Whether it is for a short time or your forever home, you are choosing the place you will live for some time as well as making a huge financial commitment. With this process comes a lot of decisions, including the type of home you want- a condo, a mobile home, a townhouse, or a single-family home. There is no “best” option, but one may work best for you and your family. As you browse homes for sale in Winter Haven, FL, you can use some of the information below to determine if houses or townhouses are right for you.

Key Differences

Owning a townhouse is similar in many ways to owning any other home- you will have a piece of…

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Central Florida Real Estate Market Recap of April 2022

April’s median home price was recorded at $370,000. This sets a record high for the third month in a row.

April 2022 Recap

State of the Market

  • April’s median home price was recorded at $370,000, an increase of 2.5% compared to $361,000 in March 2022; this sets a new record high for the third month in a row.
  • Interest rates increased by 17.6% from 4.2% in March 2022 to 4.9% in April 2022. This is a 66% increase compared to April 2021 when interest rates were at 3%.
  • Overall sales in April decreased by 7.3%, with a total of 3,800 sales compared to 4,100 sales in March 2022. This is a 7% decrease compared to April 2021 when overall sales were recorded at 4,081.

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How to Move Across the Country

how-to-move-across-the-country

With so much of the workforce becoming remote in recent years and priorities shifting, there has been a huge uptick in the number of people choosing to relocate. Whether you’ve decided to move to the outskirts of a city or to a completely rural area, the idea of picking up and moving to a whole new location can be daunting, and looking at homes for sale in Haines City is just the start of the process. We’ve compiled a complete guide to cross-country moves so that you can ensure the process is as smooth as possible.

Visit Your New Home

Before you determine the right place to move to, it’s important to visit the area and spend some time exploring. Not only can this help you confirm that you truly want to be in a…

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What Are the Different Types of Home Inspections?

One of the most important steps when buying a home is the inspection that helps you determine whether the house is worth the price. These inspections are designed to identify any structural issues with the house, allowing buyers to avoid issues and avoid expensive issues down the line. But as you look for homes for sale in Minneola, you may be surprised to discover that there are actually many types of home inspections that you can carry out. In addition to a general inspection, a savvy buyer may opt for one or multiple of these inspections to address specific concerns.

General Home Inspections

A home inspection is a traditional part of most due diligence in real estate, and each inspector…

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