Central Florida Real Estate Market Recap - July 2021

Posted by Florida Realty Marketplace on August 18th, 2021

The time homes are spending on the market has reached a historic low.

July 2021 Recap

State of the Market

• Orlando’s median home price reached $320,000 in July 2021, continuing a six-month trend of record-setting prices. The increase is 18.5% from July 2020, when the median home price was $270,000.
• Sales fell 5.2% in July 2021 compared to the previous month; however, they have spiked 13.7% from July 2020.
• The time homes are spending on the market has reached a historic low. In July 2021, homes spent just 26 days on the market.
• Inventory rose for a third straight month in July 2021 but is still down 43.3% year-over-year.
• “We are seeing the housing market start to level off from its peak, but that doesn’t mean…

159965 Views, 0 Comments

FSBO Sellers: Is it Worth it?

Posted by Florida Realty Marketplace on September 12th, 2017

To determine if for sell by owner listings provide more benefits in Davenport FL, Trulia’s Housing Data Analysts reported where these listings are the most common and how they differ from agent-listed properties in price and DOM.

Nationally the data reveals that FSBOs are listed about 2 percent more than a similar home listed by an agent, and according to Trulia, FSBOs sometimes sit on the market longer than agent listed homes.

Overall, only 6.2 percent of all listings were for sale by owner, and the report noted that Tulsa, Oklahoma had the highest percentage of FSBO listing across the nation at 12.7 percent.

The largest positive difference in listing price for a FSBO is in Pittsburg, Pennsylvania, where a “comparable FSBO home is listed at 12.9…

3567 Views, 0 Comments

Study: FSBOs Don’t Save Real Estate Commission

Posted by Florida Realty Marketplace on August 25th, 2017

One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. See 5 common mistakes for sale by owners make in 2017 . The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”(emphasis added)

Why…

2954 Views, 0 Comments

Deciding Between an Agent and FSBO? Read This First

Posted by Florida Realty Marketplace on August 7th, 2017

When gearing up to sell your home in Davenport Florida, there could be a number of reasons you might be tempted to take on a For Sale By Owner sale. Maybe you’d like to avoid losing profit to a real estate agent, and you’re hesitant to involve another party in selling your property. Perhaps you think that you know your local market — and your own house — better than anyone else. You might question what a real estate agent could bring to the table that you haven’t already accounted for, especially when all the information you need is already online.

Even though roughly 70% of people start out with a FSBO, it’s a fact that FSBO sales aren’t usually successful. In fact, according to the National Association of Realtors Real Estate Statistics released…

3053 Views, 0 Comments