Where Dreams Come True…?
As a local REALTOR, Orlando native, and community expert I have always been aware of the ongoing influx of out of state buyers and investors purchasing homes here in Central Florida. It has never been a surprise to me when talking with new home buyers that one of their top wish list items is to be close to Disney and the theme parks in general. They love the parks, love to spend their weekends there, and want to be within 30 minutes or less. What has been a surprise as of late is the copious amount of out of state investors with liquid financial status doing whatever is in their power to buy up as many properties in Kissimmee, Celebration, Four Corners, and now even Davenport. If the neighborhood allows for Short Term Rentals (STR) you can bet that house for sale is going to have 30 offers, most site unseen and mostly cash. It is certainly an interesting time here in Central Florida with the housing market offering low inventory, bidding wars, and out of state buyers flooding our cities. I cannot wait to see what the rest of 2022 brings!
Orlando Real Estate Market
Single-Family Existing Homes
- Sales of single-family homes increased to 717 during the week of Feb 27, from 558 the week prior
- The median price of single family homes increased to $401,100, a change of 1.5%
- Single-family inventory decreased by 22, and now sits at 1,707
Condos, Townhomes, and Villas
- Sales of condos, townhomes, and villas increased to 302 during the week of Feb 27, from 195 the week prior
- The median price of condos, townhomes, and villas increased to $239,000, a change of 1.7%
- Condo inventory increased by 3, and now sits at 569
