Orlando February 2021 Market Update

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The housing market in Orlando is off to an interesting start in 2021. For some, it is an amazing market. For others, not so much.

If you want to sell your home, you are in luck! Orlando is in a very strong seller’s market due to the low inventory. This is reflected by the 12% yearly increase in median price, 20% higher sales, -5% new listings, and 40% less inventory. These are very strong numbers showing that now might be the time to sell your home. A well-priced home can be sold within a week.

On the other hand, you may be worried if you are looking to buy a home. Many think that the market may be peaking with an inevitable crash coming. Others think that now is the time to buy an investment home and ride the increasing price trend while you can. Either way, mortgage rates are still extremely low at an average of 2.73%. Even if you do not choose to buy a new home, it may be a good idea to refinance.

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.