Brandon Chestnut - Realtor

Orlando Market Update!📈

Stay in the know with a weekly snapshot of key market indicators. Stay updated on the pulse of the market with our quick summary of the previous week.

Single-family homes
▪️Sales of single-family homes increased to 409 during the week of August 11, from 373 the week prior
▪️The median price of single family homes decreased to $423,880 a change of -3.7%
▪️The number of single-family home foreclosure transactions decreased to 1 from 2 the week prior
▪️The number of single-family short-sale transactions remains constant at 0
▪️Single-family inventory increased by 38, and now sits at 7,272.

Condos, townhomes, and villas
▪️Sales of condos, townhomes, and villas increased to 113 during the week of August 11, from 109 the week prior
▪️The median price of condos, townhomes, and villas decreased to $280,000 a change of -7.6%
▪️The number of condo, townhome, and villa foreclosure transactions remains constant at 0
▪️The number of condo, townhome and villa short-sale transactions remains constant at 0
▪️Condo inventory increased by 54, and now sits at 3,628.

Source:
www.orlandorealtors.org

🏡📈 Thinking about mortgage rates? Don't forget to consider home prices too.

While prices are expected to keep climbing, they'll do so at a more moderate pace. This might seem challenging now, but once you own a home, that growth becomes a major benefit—it's all about time in the market.

Trying to time the market? You might miss out on building valuable equity. If you're ready and able to buy now, ask yourself: is waiting really worth it?

Focus on time in the market, not timing the market. 🕒✨

Ready to sell your home? I'm here to make it happen! Let's get started on your next move. 🏡💼954-224-8214