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.

  

 

2015 Mid-Year Orlando Housing Market Update

 

We are at the half way point through 2015.  So far this has been a very robust and healthy market.  Lots of homes have been coming on the market (averaging 4,269 new listings per month) and lots of homes have been sold (averaging 2,753 homes per month). Homes that are less than ideal or overpriced do exit the market through listing expiration or withdrawal.  In balance, there is still a net increase in the number of homes for sale.

The chart below shows the month-to-month number of homes for sale by ORRA (Orlando Regional Realtor Association), going from the latest tallied data (May 2015) back for 3 years (May 2012).

 

  

As you can see, we have been holding steady in a range between 11,000 and 12,000 homes for sale.  This speaks for the stability of the market.  It does seem the inventory level is flirting with the 12,000 point again, but fluctuations are very gradual.  Again, this is a great time to buy and a great time to sell.  In a balanced market, neither side has one-sided leverage.  You can really benefit from expert guidance on buying or selling.  As when a market is stable, it is also competitive.  Sellers are competing with other sellers, and the buyers are competing with other buyers.  The guidance and negotiation skills of a good agent can definitely tip the favor towards you.

We are right in the middle of the peak season.  Since the schools got out, buyers have been roaming the market.  Relocation buyers are flying in every day to find homes.   We expect this to continue through July and begin to slow down in August as schools start back up again.

Hope you are enjoying your summer.  Until next month, take care!

 
Yien & The Yao Team

 

 

*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!
 

 

 

 

 

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