The State of the Market for Buyers in Orlando FL
Is it still a buyer’s market today in Orlando?
As experts in the Orlando real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no.
Median price up 12% year-over-year
First off, it really depends on the property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Orlando but seem to be rebounding as the rental market increases.
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