Orlando houses are selling faster now than the previous 10 years. Orlando houses are on the market only an average of 56 days. The shortest time since 2006 just before the Real Estate bubble was about to burst. Homes were selling like hotcakes. The Orlando Real Estate Market is again, hot-hot-hot.
There are 21% fewer homes available in the under $300,000 market that last year. Homes under $300,000 are flying off the market. A six month supply of Orlando houses is considered average. The under $300,000 home market has a supply of just 1.98 months.
The lack of supply in this price point is making it difficult for home buyers to get a property. Most buyers are making multiple offers before they land a property. Multiple offers are common. Offers above full price are common. Sometimes the offers are even higher than the appraisal.
Entry level home buyers with limited cash, or FHA or VA financing, are most challenged. Sometimes competition for these properties is fierce with up to 12 offers on one property.
Buyer demand for these homes is still high. Of course, sellers love it when buyers are competing for their property.
EXIT Realty Champions', Champions Gate Real Estate Office, by Reunion Resort Orlando, is a full service Real Estate Brokerage Office in Champions Gate, Davenport 33896, next to Reunion Resort in 34747. Search for homes for sale with our Realtors, local experts in Champions Gate, Reunion Resort, Kissimmee and Davenport FL. This being the main area for resort vacation homes that can be rented out to meet the Disney World Orlando>, Universal Studios and other theme park market.
Alternatively, if you are looking for a new place to live, Our Realtors can help you find the perfect home in the Orlando, Kissimmee, Davenport, Clermont area known as the Four Corners, where Osceola, Lake, Orange and Polk Counties come together, Next to Disney and the Theme Parks.
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Rest assured that EXIT Realty Champions will Champion your housing needs, whether buying or selling one of the biggest investments you have, your home.