So what days on market tells you is more than just. but with so many home listings out there, it’s also important to avoid.
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In February 2019 the housing market in Orlando, FL was a balanced market, which means there was a healthy balance of buyers and sellers in the market. Graph Credits: Realtor.com In February 2019, the median list price of homes in Orlando, FL was $250K, flat year-over-year.
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Buying a home in a seller’s market wouldn’t be the worst thing in the world to do in many states in the US. However, in a highly transient state like Florida that has a real estate market that rises and falls like a yo-yo, it can cost you a lot of money if you buy in a seller’s market. Most people moving to Florida believe they will enjoy living in the state far longer than what actually.
The number of vacant homes in Florida was more than 144,000 in the third quarter of the year, a 3 percent decrease over what it was a year ago, according to new real estate numbers reported by.
Average price of single-family home sales was down 42% this quarter, off an unusually high figure last year that occurred due to two high-priced closings of $27M and $18.7M. Condos and co-ops, meanwhile, had just a 4% drop in average price, but a 27% drop in median sale price in the south florida real estate market.
In my opinion, hurricanes, evacuations, hurricane damage repair billions, wildfires, recessions, stock market and real estate bubbles popping, etc., will continue to have far more effect on the Florida real estate market and home prices, than a few more people leaving leaving high tax states.
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optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 delivered a more seasoned prudence toward residential real estate. Home buyers, now steeped in several years of rising prices and low inventory, became more selective in their purchase choices as housing affordability achieved a ten-year low.