What Orlando Being a Top 3 City Means For YOU

Orlando has been an extremely popular place to go lately. While it has always been a popular tourist destination, Orlando has now been taking in more permanent visitors. In 2020, Orlando was one of the top 3 cities in terms of the amount of people moving in. This may sound great, and it is, but not in the way you might think. Orlando’s supply of home has been devastated. A traditionally balanced market has been defined as six months worth of supply. Orlando, on the other hand, has come down to less than two months of supply. This has driven home prices up dramatically. So what does this mean for you? If you currently own a home in Orlando or Central Florida, it may be time to consider selling. Home prices have been on the rise for a while, but this cannot keep up forever. Selling your home now would allow you to lock in some profits. On the other hand, if you believe that prices will continue to rise, you may want to buy a home to move into or as an investment property. No matter what route you decide to take, the Love Orlando Real Estate team is here to help you every step of the way. With decades of experience, your home buying and selling needs will be taken care of with the best service available.