Real Estate Market in Orlando Florida

Florida Realtors’ data: May had more closed sales, more new listings and higher median prices (up 27.7% for single-family homes, 24.1% for condos) than a year ago. Pres. Lambert notes one factor behind rising prices is that Fla. “is experiencing a greater share of luxury sales in 2021 compared to a year ago.” from FloridaRealtors https://ift.tt/eA8V8J via RealtorOrlandoFL.com Credits: Florida Realtors .org Find a Local Realtor in Orlando

May’s 0.9% drop is the fourth month-to-month decline in a row. Part of the reason? The median price had a record 23.6% year-to-year increase – and 17 days to contract. from FloridaRealtors https://ift.tt/eA8V8J via RealtorOrlandoFL.com Credits: Florida Realtors .org Find a Local Realtor in Orlando

In April, half of mortgage homebuyers put down 20%; 25% of all buyers paid with cash. While buyers have low-down mortgage options, it’s not helping much these days. from FloridaRealtors https://ift.tt/eA8V8J via RealtorOrlandoFL.com Credits: Florida Realtors .org Find a Local Realtor in Orlando

A condo complex’s major renovation includes flooring, paint, furniture and art. Is a single resident vote OK for the entire project, or does each facet require approval? from FloridaRealtors https://ift.tt/eA8V8J via RealtorOrlandoFL.com Credits: Florida Realtors .org Find a Local Realtor in Orlando

Luxury sellers want a human approach. Improvise conversations, and talk about the client 95% of the time and yourself 5% – and be frugal with the 5%. from FloridaRealtors https://ift.tt/eA8V8J via RealtorOrlandoFL.com Credits: Florida Realtors .org Find a Local Realtor in Orlando

Citing new-home supply problems and tight inventory, Fannie’s latest forecast calls for a 4.2% uptick in 2021 home sales – a cut from 6.3% predicted a month ago. from FloridaRealtors https://ift.tt/eA8V8J via RealtorOrlandoFL.com Credits: Florida Realtors .org Find a Local Realtor in Orlando