Fall Market Update

Below’s link takes you to a 3-minute video that we hope you will watch. 2023 market stats when compared to 2021 market stats show an average decrease of 40% to 25% for total closed sales in the past two years. Today total for sale inventory is between the low inventory of 2020 and the higher inventory from 5 to 6 years ago. During the past 6 years our mortgage interest rates have gone from 5% to 8%. Over 20 years ago, it was normal to see rates at 6% or 7% or 8%. And for the past several years we enjoyed very low mortgage rates in 2019, 2020, and 2021.

https://youtu.be/dRcjT7tggKY

Text, call, e-mail, or message us if you would like to receive (at no obligation) more detailed market stats for Central Florida; or if you would like a market CMA on your home or an investment home or on a home that you are considering buying. Many economists predict that mortgage rates will start going lower in the next 6 to 12 months. Now might be a good time to consider purchasing an investment property. We can help with this, including rental potential analysis and property management. As always, we greatly appreciate your referrals and recommendations!

Have an awesome day.

Kim & Sidney