Orlando 2020 Housing Market Update
With the year coming to an end, the LORE Team is here to provide you with an update on the Orlando housing market. The housing market in Orlando turned out to be the bright light at the end of a dark tunnel otherwise known as 2020. If you own a home in Orlando, be it a residence or investment, you will be thrilled to hear that there has been a 10% average increase in home value since last year! Within this, single family homes alone have gone up 12%! Home sales have also gone up a whopping 21%, so do not hesitate to sell your home now and lock in those profits! Potential buyers need not be worried. 2021 is predicted to be a strong year as well, so it is never too late to buy a home!
If you decide to sell your home or buy a new one, whether it is the first or fifth time, the Love Orlando Real Estate Team is here to help you every step of the way. With decades of combined experience, you will be hard-pressed to find a team that can serve you better in the Central Florida area.