Monday Market Report – The Sweet Spot

The latest market data for the Orlando area shows we are still at an unbelievably low inventory – not seen since 2005.  There are a total of 10,678 homes for sale as of today.  Less inventory means less choices for buyers.  What does that mean for you if you need to sell your home?  You may have a little more negotiating power with buyers.  If your home is less than $250,000, you may have even more negotiating power!  With almost 87% of the homes sales under $250,000 that means more buyers are searching in your price range and you may even see multiple offers.

If you are still having trouble selling your home and it meets the above criteria – you are most likely overpriced.  With the dawn of Internet sites full of  information about home values (regardless of if they are completely accurate); buyers are much more knowledgeable than they have been in the past about home values and are not willing to overpay.  In fact they want to feel like they have gotten a deal!  They think it’s a “buyer’s market” because that’s what the news media tells them.  However, in Orlando, at a price under $250,000 it feels much more like a seller’s market for now.  Knowing the market and your competition will allow you to negotiate a better price.  That’s why it’s so important to have an agent who understands the market and helps you reach the sweet spot.  The sweet spot is the right price for your home.  The price that gets you an offer!

 

Market Data from the Orlando Regional Realtor Association
Photo credit:  Cupcake photo from Flickr via the Creative Commons License

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About Kathryn Stelljes PA

I am a Realtor in the Downtown Orlando area. I have earned a Bachelor's Degree in Marketing and a degree in Residential Planning. My background in these design fields has advanced my ability to sell in the realm of residential real estate. As a native Floridian and resident of Downtown Orlando I understand the growing needs for homeowners in the Central Florida home market and specifically the Downtown market. I enjoy sharing information about businesses, fun events, and the historic homes and neighborhoods that make Downtown Orlando such a unique and vibrant place to live. I love Italian Greyhounds, old houses, interior design and design blogs, social media networking, and anything marketing related.
This entry was posted in HomeBuying Trends, Monday Market Report, Orlando News, Real Estate Market, Real Estate News and tagged , , , . Bookmark the permalink.

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