Here is a Central Florida Real Estate Market Update for June 2021
There is a new low for listings days on market, and it happened this June. A new low of 29 Days on Market is a new post recession of 2007 low.
State of the Market for June 2021
Here is what is going on in the Orlando/Central Florida Market.
Median home prices in the Orlando area have reached a new high in June 2021 at 315,000$.
$315,000 ! That’s a 5% increase from the last month and a 19% increase over June 2020, when the median home price was $265,000. Sales have increased 14% from May to June of this year, as the number of new listings continues to grow.
This is follows the nationwide trends noted by NAR (the National Association of REALTORS®).
Listings are spending an average of just 29 days on the market, a new post-2007 Recession low. Inventory is rising, as more houses are listed for sale.
There was a 7 months of supply in June 2021, which is a slight drop from May 2021.
We’re seeing more listings from sellers who are getting top dollar for their homes, while low interest rates continue to boost demand for buyers,” said Natalie Arrowsmith, 2021 Orlando Regional REALTOR® Association President, NextHome Arrowsmith Realty. “The secret is out – people realize they can live where they vacation. The influx of out-of-state buyers is still strong, even as more workers return to the office.”
That means for you the seller…now is the best time in a long time to sell your home for top dollar and for buyers…even though prices have increased your buying power is still strong and rates continue to stay low. Call me today for a free home evaluation or buyer consultation
If you would like some free information that all buyers should know, but you are not quite ready to call anyone yet…Check out my free no obligation E-book, no email or phone number required, just click and read. https://toddmowry.book.live/read-buyer-book
Orlando Homes For Sale– Todd Mowry Realtor. Specializing in Real Estate in Orlando, Winter Park, Maitland, Waterford Lakes and surrounding
communities. I have over ten years of experience in advising buyers and sellers on how to make the most well informed decisions for themselves. Call or text me at 407-435-5220 even if you just need to ask a question from an experienced and dependable Realtor.