Central Florida Real Estate Recap of February 2023

The Orlando housing market continues to look positive as we look ahead to a strong spring selling season

February 2023 Recap

State of the Market

  • Overall sales rose 33.8% from January to February. There were 2,240 sales in February and 1,674 sales in January.
  • Overall sales in February 2023 were 30.0% lower than February 2022 when there were 3,198 sales.
  • Inventory dropped from 6,115 homes in January to 5,555 homes in February.
  • Inventory in February 2023 (5,555) was 140.2% higher compared to February 2022, when it was recorded at only 2,313 homes.
  • The median home price for February was recorded at $358,000, up from $350,000 in January. This comes after…

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10 Best Places to Retire in Florida 2023

10 BEST PLACES TO RETIRE IN FLORIDA 2023When choosing the best place to retire in Florida, you will want to consider a variety of factors. Some of the best places to retire in Florida offer different amenities that may interest you. The Sunshine State boasts warm weather practically year-round, a major attraction to retirees across the nation. Florida also boasts many laws and policies that support retirees and make the state an attractive place to consider. While the best Florida city for retirement will depend on your individual preferences and needs, here are some of our best recommendations for places to retire in Florida in 2023.

Factors to Consider When Choosing the Best Place to Retire in Florida

Deciding where to retire in Florida will…

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5 Best Beaches to Visit Near Davenport, Florida

5 BEST BEACHES TO VISIT NEAR DAVENPORT, FLORIDA

The city of Davenport is located in Central Florida and located just minutes from Disney Parks and easy access to beaches on both the Gulf Coast and Atlantic Shore. When searching for your next home in Davenport, FL, you want to learn about all the exciting activities and outdoor adventures nearby. Davenport is an incredible city conveniently located to some of the best attractions, activities, and beaches that Central Florida has to offer. From family-friendly spots to luxury spaces, here are five of the best beaches near Davenport, Florida, and what you can expect when moving to this great city.

What to Look for in the Best Beaches Near Davenport, Florida?

Whether you plan to live in the…

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Central Florida Real Estate Recap of January 2023

Sales Fell 29.4% between December 2022 and January 2023

January 2023 Recap

State of the Market

  • Overall sales fell 24.9% from December to January. There were 1,674 sales in January and 2,230 sales in December. This is the lowest number of monthly home sales since February 2009.
  • Overall sales in January 2023 were 44.8% lower than January 2022 when there were 3,033 sales.
  • The median home price for January was recorded at $350,000, down from $353,200 in December. This is the third straight month median home price has fallen.
  • Homes spent an average of 57 days on the market (DOM) in January, up from 49 days in December. This is a 78.1% increase compared to…

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Pros and Cons of Living in Davenport, Florida

PROS AND CONS OF LIVING IN DAVENPORT, FLORIDA

Moving to a new city takes a lot of time, energy, and consideration. If you are interested in moving to Davenport, Florida, you’ll want to find out everything you can about the area. Residents and visitors can have different experiences in the same city, so it helps to get a better understanding of what life is like in Davenport for homeowners. Whether you are moving to Davenport with young children or looking for a great place to retire, there are so many wonderful Davenport homes and communities to consider. Check out these pros and cons of Davenport, FL, to help you make the best decision about finding your next home.

An Introduction to Davenport, Florida

The city of Davenport, Florida, is…

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10 Surprising Statistics on Snowbirds in Florida for 2023

10 Surprising Statistics on Snowbirds in Florida for 2023

Anyone who lives in Florida knows what October means: the beginning of snowbird season! Snowbirds are people who come from a colder climate, often New York or Canada, and spend the winter in Florida. Snowbirds usually maintain a home in Florida that they can use to enjoy a warm and tropical winter away from the snow and frigid wind. But even those who know snowbirds may be surprised by some of the statistics on this demographic! 

1. The Number of Snowbird Population During the Winter

It is estimated that Florida has about one million residents who spend only part of the year, but at least one month, in the Sunshine State. During this time period, the population of Florida is about 5%…

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Central Florida Real Estate Recap of December 2022

Overall sales in December increased by 11.7% from November, with 2,230 sales recorded

December 2022 Recap

State of the Market

  • “The white-hot seller's market we saw last year is over as we’re now seeing a more traditional market,” said Lisa Hill, 2023 Orlando Regional REALTOR® Association President. “Inventory is on the rise, giving buyers more options. However, those buyers are also faced with higher interest rates, which will have the biggest impact on the market in 2023.”

  • December’s median home price was recorded at $353,200, down from November’s median home price of $360,000. The overall median home price in 2022 was recorded at $365,000, an all-time high and…

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Pros and Cons of Investing in The Grove in Orlando, FL

The Grove Resort and Spa

If you are ready to undertake an investment property, location is likely one of the biggest decisions you will have to make. The area you choose to invest in can determine the value of your property over time, whether it is a primary or vacation home, and how much you may have to spend on things like taxes. It’s likely no surprise that many people making this decision land in any of the homes for sale in Orlando, FL, for their investment - with great year-round weather and many tourist attractions, the city is an ideal place for a vacation property. 

With so many wonderful homes to choose from, you may be overwhelmed with the right choice. If you’re wondering, “is The Grove in Orlando a good…

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Buyers Get Ready:
2023 Florida Real Estate Predictions

buyers get ready 2023 real estate predictions

With the new year just around the corner, it’s time for 2023 Florida real estate predictions! Whether you are curious about Florida housing market predictions or have narrowed down your search to homes for sale in Davenport, FL, we have the information you need to move forward confidently as a buyer in 2023. The forecast for 2023 Florida real estate is promising for buyers as experts in the industry predict there will be lower prices and less demand. While rate increases continue to stay at higher-than-average rates, there are many opportunities for savvy buyers and investors when looking at homes for sale in Florida. Here are some Florida real estate predictions buyers should consider when…

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Central Florida Real Estate Recap of November 2022

November had the lowest number of monthly home sales in nearly four years, dating back to January 2019.

November 2022 Recap

State of the Market

  • Overall sales fell from October to November. There were 1,996 sales in November – down 26.5% from 2,716 sales in October. This is the lowest number of monthly home sales in nearly four years, dating back to January 2019.
  • Overall sales in November 2022 were 45.5% lower than November 2021 when there were 3,664 sales.
  • Inventory in November 2022 was 136.3% higher compared to November 2021, when it was recorded at only 3,046 homes.
  • Inventory rose slightly, from 7,128 homes in October to 7,197 homes in November. This is…

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