Found 5 blog entries tagged as Real Estate Market.

What Home Buyers Need to Know About the NAR Settlement

What Home Buyers Need to Know About the NAR Settlement

Navigating the real estate market can feel overwhelming, especially with recent changes like the National Association of Realtors (NAR) settlement. You may be wondering, "What does the NAR settlement mean for buyers?" In short, the settlement introduces new rules that can affect your relationship with real estate agents, as well as how commissions are handled. Let’s break down what this means for you as a home buyer.

What Is the NAR Settlement and Why Does It Matter?

The NAR settlement is a major legal agreement designed to increase transparency in the real estate industry, particularly when it comes to how agents are compensated. It was brought about by claims that the way commissions…

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Central Florida Real Estate Market Recap of July 2022

The Median home price has fallen for the first time in 6 months, with a decrease of 1.6% compared to June.

July 2022 Recap

State of the Market

  • The median home price for July 2022 was recorded at $380,900, a decrease of 1.6% compared to June. This is the first time in six months that the median home price has fallen.
  • Inventory jumped by 19.9% in a single month, from June to July – that's 1,081 more homes for sale. This is the third straight month of double-digit inventory increases.
  • Looking at May-July of this year compared to the same period last year, inventory has risen 67.38%. There has been an average of 2,121 more homes on the market this summer…

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September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021

 

 

September 2021 Recap

State of the Market

  • Orlando’s median home price dropped by $2,000 from last month. September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021. The median home price has steadily been increasing over the last 11 months when it was recorded at $269,950 in October 2020.
  • Overall sales in September dropped by 5.25%, with a total of 3,879 sales.
  • Homes spent an average of 27 days on the market in September, an 8% increase from August.
  • Inventory edged upward for the fifth straight month, rising by…

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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…

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