Pricing Our Homes APPROPRIATELY is Now More Important Than Ever
Most people are aware by now that the housing market is slowing down, compared to the wild buying frenzy we experienced the last 18 months or so. The good news is home prices are still appreciating year over year in the majority of markets, they are just climbing slower now due to rising interest rates. This has caused more homes to hit the market due to less buyer demand, so a shift of this nature emphasizes that the way you price your home matters significantly.
To avoid the hassle of a price reduction or lowball offers, pricing a home competitively and at true market value is your best bet to not only sell the home quickly but to also peak more buyer interest. This will help with more strong offers. It also showcasing to prospective buyers that a seller is motivated and not simply testing the waters as was the case during the “boom” of 2021 into early 2022.
Orlando Real Estate Market
July 31, 2022 – August 06, 2022
Single-family existing homes
- Sales of single-family homes decreased to 471 during the week of Jul 31, from 530 the week prior
- The median price of single family homes decreased to $412,000, a change of -3.1%
- Single-family inventory increased by 83, and now sits at 4,952
Sales of condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 170 during the week of Jul 31, from 185 the week prior
- The median price of condos, townhomes, and villas increased to $275,000, a change of 4.8%
- Condo inventory increased by 17, and now sits at 1,482
