According to Orlando Regional Realtors Association, OrlandoRealtors.org, September marked a 3% year to date increase in closings coming in at 2,857 homes sold. Home prices in Orlando increased for the month of September however inventory of homes available on the market dropped 6%. Many Orlando buyers are taking advantage of the low interests rates (quoted at 3.96% by OrlandoRealtors.org) and buying up homes priced aggressively. What does all this mean? The current position in the market is leading us to a steady lean towards a sellers market. Though the market has corrected itself and balanced out, some major indications of a sellers market include steady climb in home prices along with limited inventory available. Its simple economics, supply and demand. What does this mean to a seller? A seller is at an advantage especially approaching the holiday season. With the holiday season coming around the corner, many sellers will opt out to wait for the beginning of the year. If you are in the market to sell your home and want to wait, I strongly recommend taking advantage of the traffic flow of snowbirds, and tourist alike. The holiday season is actually prime season to sell because of the quality of buyers with the limited amount of inventory available. What does this mean to buyers? With some sellers waiting to sell till next year because of the holiday season, this would mean that most homes coming on the market during the holiday season attract more motivated and aggressive sellers. This is a win win for both motivated buyers and sellers! Take advantage this holiday season and lets get your home sold!
Whats the Real Estate Market Like Approaching the Holiday Season? was first published on http://ift.tt/1KtMwQD
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