Central Florida Real Estate Recap of May 2024

Inventory surpasses 10,000 homes for first time since 2016

State of the Market

  • Inventory for May was recorded at 10,282, up 9.7% from April when inventory was recorded at 9,376. This is the fifth month in a row inventory has risen. The last time inventory was this high was September 2016.
    • Inventory was 99.7% higher than May 2023.
  • Overall sales rose 5.4% from April to May. There were 2,909 sales in May, up from 2,759 sales in April. This is the fourth month in a row that sales have risen.
  • The median home price for May was recorded at $385,000, down from $388,500 in April. April was the highest monthly median home price on record in the Orlando…

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Timing the Market: When to List Your Home for Sale

TIMING THE MARKET: WHEN TO LIST YOUR HOME FOR SALE

Deciding when to put your home on the market can feel like trying to hit a moving target. The timing of your listing plays a significant role in determining how quickly your home sells and at what price. Understanding market dynamics can turn your decision from a game of chance into a strategic move. In the bustling real estate environment of Central Florida, timing isn’t just a minor detail—it's a critical part of your selling strategy.

When to List Your Home for Sale (Best Seasons To Sell)

Spring & Summer: The Peak Seasons

During the spring and summer months, the real estate market typically experiences a surge in buyer activity, making these seasons ideal for listing your home. The…

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How to Get the Best Deal on a New Home in Florida

How to Get the Best Deal on a New Home in Florida

The Florida housing market is renowned for its vibrant activity and competition, driven by the state's beautiful landscapes, favorable climate, and attractions like Disney World. These elements make Florida particularly appealing not only to families and professionals but also to retirees seeking a serene lifestyle in their golden years. Given these conditions, becoming well-informed is your first step towards making a wise and profitable home purchase.

Understanding Market Trends: When to Buy

Understanding these trends can help you pinpoint the best time to make a purchase, ensuring you get the most value for your money.

  • Supply and Demand: The basic law of supply and demand…

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Top Neighborhoods for Disney Employees: A Real Estate Perspective

Finding the ideal neighborhood for Disney employees goes beyond just short commute times. It's about balancing affordability with access to work, leisure, and quality community amenities. This guide to the top neighborhoods near Disney World focuses on places that offer this balance, aiming to make every day for Disney employees as enchanting as their workplace.

Kissimmee, FL: Budget-Friendly Living with a Community Feel

Nestled just moments away from the gates of Disney World, Kissimmee offers an array of affordable housing options that cater to a diverse range of budgets and lifestyle needs. From cozy apartments to spacious single-family homes, the community feel of Kissimmee…

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Orlando Pool Homes Near Disney For Sale

The enchanting city of Orlando, known for its sunny skies and world-renowned attractions, offers a unique lifestyle that's both vibrant and laid-back. With a variety of Orlando pool homes near Disney for sale, you can turn this dream into your reality. Whether you're a family seeking adventure, retirees looking for a serene escape, or investors searching for a lucrative opportunity, Orlando welcomes you to explore the endless possibilities.

Why Choose Orlando for Your Pool Home?

Pricing your home appropriately is critical. An overpriced home can linger on the market, leading to a lower final sale price. On the other hand, underpricing can result in a financial loss. 

In Central Florida's dynamic…

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Favorite Seasonal Outdoor Activities Near Davenport, FL

FAVORITE SEASONAL OUTDOOR ACTIVITIES NEAR DAVENPORT, FL

Nestled in the heart of Central Florida, Davenport is a vibrant city that boasts a sunny climate and a plethora of outdoor activities, making it a perfect destination for both residents and visitors alike. The city's close proximity to major attractions, combined with its unique local charm, provides an array of enjoyable outdoor pursuits across all seasons.

Spring: Blooming Adventures in Davenport

Spring in Davenport is a season of renewal, with nature coming alive in vibrant colors and sounds. This season offers a perfect blend of activities for families, nature lovers, and adventure seekers looking to explore the city's natural beauty.

  • Visit Lake Eva Community Park: A…

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Central Florida Real Estate Recap of April 2024

New Orlando Regional REALTOR® Association data shows record-high median home price in Central Florida.

State of the Market

  • The median home price for April was recorded at $388,500, up from $386,500 in March. This is the highest monthly median home price on record in the Orlando area.
  • Overall sales rose 7.8% from March to April. There were 2,759 sales in April, up from 2,559 sales in March. This is the third month in a row that sales have risen.
  • April’s interest rate was recorded at 6.9%, up slightly from 6.7% in March. This is the third month in a row that interest rates have risen.
  • Inventory for April was recorded at 9,376, up 4.5% from March when…

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5 Best Luxury Retirement Communities Near Orlando, Florida

Retiring in the Orlando area is a dream come true for many. With its year-round warm climate, vibrant culture, and plethora of entertainment options, it’s no wonder that this region is a magnet for those looking to enjoy their golden years in style and comfort. The key, however, lies in finding that perfect retirement community that not only meets but exceeds your aspirations for an active and luxurious lifestyle. Let’s dive into the crème de la crème of retirement communities near Orlando, Florida, where luxury and activity blend seamlessly.

1. Solivita: A Vibrant Community in the Heart of Central Florida

Nestled in the charming town of Kissimmee, Solivita is a perfect match for…

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How Living Near Disney Can Boost Your Property's Rental Appeal

HOW LIVING NEAR DISNEY CAN BOOST YOUR PROPERTY'S RENTAL APPEAL

Living near Disney World is a dream come true for many. Beyond the enchanting allure of being neighbors with the most magical place on Earth, owning a house near Disney World holds a treasure trove of benefits, especially when it comes to rental appeal. Let's dive into how your property's proximity to Mickey's home can become a lucrative asset.

Enhanced Rental Demand Thanks to the Disney Effect

Properties close to Disney World see a significant uptick in demand, especially during peak seasons like summer breaks, Christmas, and New Year's Eve. This phenomenon, aptly named the Disney Effect, translates into higher occupancy rates and potentially higher rental prices. 

Imagine…

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What Homebuyers Should Know About Weather Near Davenport, FL

WHAT HOMEBUYERS SHOULD KNOW ABOUT WEATHER NEAR DAVENPORT, FL

Nestled in the heart of Florida, Davenport is a gem for homebuyers dreaming of a life under the sun. This quaint city offers the best of Florida living, combining the charm of a small town with the convenience of being close to some of the state's most iconic attractions. For anyone considering making a move, understanding the weather in and near Davenport, FL is important. After all, the climate plays a significant role in our daily lives and can impact how we enjoy our homes and communities.

The Sunny Side of Davenport: Embracing Florida’s Warmth

Davenport enjoys a subtropical climate, meaning residents are treated to warm, sunny days for most of the year. Summer temperatures…

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