Orlando area residential real estate specialists, covering Orlando, Oviedo, Winter Springs, Lake Mary, Longwood, Altamonte Springs, Maitland, Winter Park, Casselberry, Geneva, Chuluota, Sanford, Apopka, Windermere, Dr. Phillips, Lake Nona.
We are now in the month of June,
nearly the half way point of the year already!
Here is the Orlando residential real estate outlook for the rest of the
year. Please note, these are very general descriptions and my own
observation and opinion.
Currently there are 10,647 active listings in the Orlando regional
MLS. New inventory continues to come on the market daily, as we are in
the peak summer season of real estate sales. The peak months are May,
June, and July. August is technically still part of the summer season,
but past experience shows that in August, most buyers are closing the
transactions and moving. Some late comers in the market include buyers
that had to wait for the closing of the sale of their previous home, or those
back in the market after a deal fell-through. By September and October,
the slowdown will be palpable. November and December are seasonably slow
as well, as we do not get a snow-bird influx in Orlando. This year we do
not have the benefit of a high number of investors, who shop all year
round. So the bottom half of the year will be markedly slower.
Again, this is a relative comparison, our market is definitely still hot.
We are definitely in a stable housing market. Current average mortgage
rate is stable, hovering between 4.25% - 4.5%. No external factors are
unduly skewing the market. Buyers and Sellers tend to be on even footing.
With the housing inventory near a 3-year high (10,647 listings), Buyers
have more choices than in recent years, and tend to be pickier and take longer
to decide on a purchase. Sellers are learning that to achieve a sale,
their home must be in top condition, strategically presented, and priced
competitively. Any potential issue with the home may cause a buyer to
pass on it. On the other hand, good homes are still achieving high
prices. This is actually all very normal, very traditional. Our
crazy Orlando roller coaster history gives people short term memory of the
extremes, both when it’s extremely easy to sell a home for top dollar in a
short time, as well as when it’s extremely easy to buy a home cheaply and
negotiate for all concessions. Again, we are now in a normal, stable,
In this type of market, a seasoned real estate professional is extremely
valuable in helping you achieve your real estate goals. Above
are general and generic descriptions. Give us a call for a free
consultation to discuss your personal and unique situation and needs. We
will customize a strategy for you.
Until next month, take care!
*Finding Your Next Home or Next Investment*
Take advantage of a professional buyer consultation. The Home finding process is not just a database search. Nothing replaces the value of working with an experienced buyer representative. Have a conversation about what you want, and we will work together and guide you towards your dream home.
*Selling a Home*
To maximize your chance for selling and at the top possible price, you truly need an exceptional team that has the means and systems to give your home the maximum exposure, a seasoned negotiator that has the skills to represent your interest, and an experienced guide to navigate pass the many pitfalls of a real estate transaction. If you are thinking about selling your home, please give The Yao Team the opportunity to show you how it does pay to hire a specialist.
The Market is Always Changing!
Market Trend Knowledge is Paramount!
In the last 13 years, Orlando’s real estate market went through an unprecedented upheaval, on a scale much more exaggerated than what the nation experienced as a whole. In early 2000’s, Orlando enjoyed aggressive home price appreciation. This attracted investors & speculators from around the country & even internationally. This in turn drove the demand to a fevered peak up until early-mid 2005. We now understand this was driven by unsustainable lending of easy money. The market started turning in late 2005 and spent 2006, 2007, 2008, and 2009 in decline. In 2011 the market found “saw-tooth bottom”, driven by a different kind of investor demand. Home prices are have been rebounding since 2012. We will discuss the current market condition with you in depth. You need the up-to-date market information to help you make the right decisions.
To sell a home in a shifting market, you must market your home expertly & price your home competitively. Your home must be staged & show-ready in order to capture the buyers that do come through your home. To maximize your chance for selling and at the top possible price, you truly need an exceptional team. We have the means and systems to give your home the maximum exposure. We are seasoned negotiators that have the skills to represent your interests and help you navigate pass the many pitfalls of a real estate transaction. If you are thinking about selling your home, please give The Yao Team the opportunity to show you how it does pay to hire a specialist.
We Can Make the Difference
Are you feeling overwhelmed? Buying or selling a home is one of the biggest decisions you'll ever make. A professional who is understanding and dedicated to your needs is an invaluable partner in achieving your goals. As full-time agents, we are committed to helping you through the entire process, making your real estate transaction a positive and rewarding experience.
Your best interests are our top priority.
Our focus is on giving you personal attention and the best service.
We know the local neighborhoods, schools, market conditions and more.
We will make your transaction as smooth as possible.
Get the advice you deserve
The Internet is a great place to find information. But it can't give you the in depth local knowledge and personal service of a local real estate agent. The challenges are getting more complex every day. Finding the right home for the buyer or bringing the right buyer for the seller is only half the process. Managing the whole transaction from the skillful negotiation of a contract to finally bringing it to a successful closing takes a full blend of contractual knowledge, transactional experience, patience, diligence, and creativity. You need a professional that is on top of the market who will protect your interests and guide you through the transaction step by step.
Call for a Consultation today
We would be honored for the chance to help you. Please call or e-mail us for an appointment to discuss your real estate needs. Thanks for stopping by our website. We're looking forward to hearing from you!
- 5 Bedrooms
- 4 Full Bath(s)
- 3426 Sq ft. (MOL)