Happy month of May from The Yao Team! The tax season is now behind us. We are entering the last month of spring and preparing for the fast approaching summer, traditionally the peak season in the Orlando real estate market. We are seeing increased activity ramping up towards the summer.
Orlando is experiencing “ multiple markets ”. Different market segments are behaving in different ways. Homes priced below the mid-$200k’s are in the highest demand due to the affordability factor. First time home buyers are competing in bidding wars on good homes. In higher price ranges, less demand is resulting in more fierce negotiations. In the luxury market, we are even seeing some price declines. Each geographic area performs differently as well.
It’s important to have an expert help you evaluate your particular situation so the best decision can be made on your purchase or sale. We meet regularly behind the scenes to discuss and seek out advantages for our customers in real estate transactions.
If you are looking for an experienced and dedicated team to represent you, give us a call today. We would be honored to help you achieve your real estate goals.
Until next month, take care!