Real Estate News in the Central Florida Area and Around the Country.

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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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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7 Things to Consider in Picking a Retirement Home in Florida

7 Things to Consider in Picking a Retirement Home in Florida

There comes a time in life when you start thinking about retirement and what you want that to look like. While the timing of retirement is likely fresh on your mind, so is where you want to retire. As options for senior living communities and retirement homes continue to grow, you have a greater say in how you want to spend your retirement. One of the most popular places in the country to retire is Florida, thanks in large part to its warm weather year-round. Other perks of retiring in Florida include access to world-class health care, accessibility, cost, and more. Florida retirement opportunities continue to increase as more people decide to retire in the Sunshine State. Here’s what you…

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The Best Places in Florida for Real Estate Investing

The Best Places in Florida for Real Estate Investing

Are you interested in learning more about owning an investment property in the Sunshine State? Florida real estate investing can be a worthwhile and rewarding endeavor for your business. When it comes to finding the best places in Florida for real estate investing, you want to choose locations and communities that will provide the maximum return on investment. Whether you are interested in short-term or long-term rentals, the Florida real estate market has a lot to offer current and future investors. In fact, Florida real estate investing boasts some of the highest profits in the nation, thanks in large part to the many gorgeous beaches and attractions in the state. This article will help you…

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Did Hurricane Ian Impact the Florida Housing Market?

In late September of 2022, Hurricane Ian blew through the Gulf of Mexico and landed on the shores of Lee County, Florida. The hurricane caused a lot of damage and destruction, but it couldn’t quite put a damper on Florida’s real estate market for long. Florida continues to experience a red-hot housing market with continued demand for homes and investment properties alike. Even the southwest region impacted by the Category 4 Hurricane Ian is experiencing an upturn in home purchases and improvements in the rental markets just months afterward. While a temporary downturn in real estate markets and local economies is to be expected after such a huge event, it hasn’t caused a lasting negative impact…

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Why Interest Rates Keep Rising and How It Affects Buyers

Why Interest Rates Keep Rising and How It Affects Buyers

As you hear about interest rates rising, you might find yourself weary of buying a home. The Federal Reserve will periodically raise interest rates in an effort to stabilize prices and cool down the economy in the hopes of slowing inflation. These short-term interest rate hikes can have ripple effects on the economy. When the Fed raises interest rates, this impacts borrowing, particularly with higher loan amounts. However, homebuyers can still find great homes for sale in Kissimmee, FL, and work with a real estate broker to select a mortgage that works best for their finances.

What Is Causing Interest Rates to Rise?

You might be wondering what causes interest rates to rise. Various…

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Central Florida Real Estate Recap of October 2022

Inventory Rose for the Eighth straight month in a row with current inventory at 7,128 homes on the market.

October 2022 Recap

State of the Market

  • October’s interest rate was recorded at 7%, a 10% increase from September when the interest rate was 6.3%. The last time interest rates were this high was May 2002.
  • That 7% interest rate in October 2022 was 131% higher compared to October 2021 when the interest rate was recorded at just 3%.
  • Inventory rose 3.5% from September to October, from 6,884 to 7,128. This is the eighth straight month of inventory increases.
  • Inventory in October 2022 was 109.3% higher compared to October 2021, when it was recorded at 3,406…

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