The December stats have posted and we held pretty steady compared to November. This may have been one of the slowest quarters in a decade for home sales. However due to supply remaining relatively low the actual market was really pretty balanced in December.
The rising rates over the last few months have slowed and cooled the market quite a bit compared to a few years ago. However the actual number of homes sold last month was the exact same as 2022 at the same time..The one thing that has caused the shift is the rising inventory. There were more homes available for sale than last year and actually more than we have had available since 2019.
One thing that keeps the market pretty stable and things selling quickly is the low inventory. So despite the lower number of sales there are also less homes available today than last year, keeping the overall market feeling pretty stable. Overall it feels very normal out there. Buyers make an offer, seller counters, and we find an agreeable price. There’s finally a little room for negotiation which is a nice reprieve from the market of the last few years.
Highest average sales price on record for Orlando Florida in June 2023. But there is a silver lining for buyers.
I am reminded the importance of consistency and frequency in all things we do. It made me think about the past and how as a solo agent it was impossible to be consistent, let alone at the right frequency, in anything I was doing because I as being pulled all over the place. As a single agent you are everything to everyone which means you are not mastering anything. Ever heard the saying “jack of all trades, master of none”?
There are A LOT of benefits to being on a real estate team. Here’s a few pros and a few cons as you think about your career in this industry.
Rising rates are certainly going to continue to make an impact on the demand as some buyers will be priced out of the market. If you’ve been thinking about selling and you want it to be sold fast and for a great price now would be the time to consider doing that while prices are 22% higher than last year.
The Orlando real estate numbers are in and I’ve analyzed the data for you. Home sale prices have gone up yet again. May set a new record with an
There’s something about showing up to work and telling others you achieved your goals that produces results and makes you just feel good. If you are feeling stuck in a rut with no direction or looking for ways to up your goals and success in real estate, joining a team may be just the magic pill you are looking for. It’s still hard work but together everyone achieves more.
Quarter 2 of the Orlando real estate market is right around the corner. This usually that means we are about to head into one of the busiest selling seasons. Honestly,