Found 3 blog entries tagged as Sellers.

Central Florida Real Estate Market Recap of June 2022

Housing inventory jumped 41% in June with an additional 1,586 more homes on the market in June

June 2022 Recap

State of the Market

  • Inventory increased by 41.2% from May 2022 to June 2022, with 1,586 more homes on the market in June compared to May. This is the second month in a row with a surge in inventory, following May’s increase of 44.2%.
  • Inventory increased by 75.5% from June 2021 to June 2022, jumping from 3,098 homes in June 2021 to 5,437 in June 2022.
  • June’s median home price was recorded at $387,000, an increase of 1.9% compared to May 2022; this sets a record high for the fifth month in a row. This is a 22.9% increase from June 2021 to June 2022,…

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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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We know, we know—you love your house. The kitchen is the perfect size, your weekly summer barbecues give your neighbors patio envy, and your '70s-style conversation pit is totally coming back into vogue—as you knew it would.

You've seen the comps for your neighborhood, but you just know your home is worth more, so you're going to list it at a higher price.

This is one of a few reasons why sellers overprice their home, and none of them is smart. If you price your home too high, it'll take longer to sell, raising doubts in buyers' minds about whether there's something wrong with it, and you'll probably have to drop the price eventually anyway. So don’t fall for any of these five common justifications sellers use to inflate the price of their…

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