What’s Trending January 2021
As we start fresh with a blank page in 2021 and look forward to all this new year has to bring, let’s take a look at how the year ended for the Orlando real estate market in 2020.
What’s Trending December 2020
The market remains strong with low inventory and low interest rates driving up prices and keeping us busy. This lack of supply and high demand drove prices up 14.58% since this time last year!
What’s Trending November 2020
Just when we thought Orlando inventory could not get any tighter…it did!
What’s Trending October 2020
This year has marked many historic events, many of which I never expected to see in my lifetime. I never imagined wearing a mask to leave my house and watching a pandemic consume our country and the lives of so many. Through all of this the real estate market remained strong and has hit historic levels as well…
What’s Trending September 2020
This pandemic has actually led to one of the craziest markets in very a long time. Ultimately some people are going to start listing their homes soon or we are just flat going to run out of houses!
What’s Trending July 2020
We are taking a look at the market stats from June. The number of home sales that occurred in June were slightly lower than last year for a 2nd month in a row, but that is largely a reflection of that initial lockdown.
What’s Trending June 2020
The number of home sales that occurred in May were 44% lower than the same time last year! That is a big drop in sales. But more importantly is the number of pending sales. Although they are down a little from this time last year; they have picked right back up and it is the 2nd highest number of pending sales since last summer! What does this mean?
What’s Trending May 2020
The number of homes sales declined by 28%. That’s a huge chunk of sales. But the inventory declined too. So even amidst a pandemic, the median sales price went up!
What’s Trending April 2020
The market has seen some shifting of numbers and interesting things are happening. We will certainly feel the changes caused by the COVID-19 outbreak it’s economic impacts. I think a lot of the world expects the real estate market to crash and, of course, none of us have a crystal ball to know what will happen. All we can do is look at the facts and so far the Orlando market remains strong with equity gains of almost 8% since last year and still low inventory. Things we will continue to watch is number of pending sales. That drastically declined over a 2 week period but seems to be leveling off to some degree.
What’s Trending March 2020
Our 1st quarter of 2020 ends in just 2 weeks. It is hard to believe how quickly this year is moving! The last few weeks have been filled with fear