People are asking if/when we’re going to go through a real estate dip. The answer is, no one can predict the future. We can only interpret the numbers in our market based on what has happened in relation to what is happening right now. So in the next section we’ve given you a lot of numbers; they may be confusing but read on below what they mean.
July 1 - December 31, 2018
Number of Sold Homes: 731
Avg. Sold price: $268,714
Avg. Sold price/sq. ft.: $132/sq
Avg. Sq. Ft: 2,088
Avg. Days on Market: 43 (median days on market 23)
January 1 - January 30, 2019
Number of active listings: 280
(Data based on geographical zip code 34711 collected 1/30/2019; interest rates are a national average.)
If you’re a seller, the news is good for you. Over the last 7 years your home has increased in value every year. Based on the number of homes for sale vs. the number of homes that sold in the last 6 months, our market is operating at a 2 month supply of inventory. What that means for you as seller is there is greater demand than supply and it is a good time to sell your home.
If you’re a buyer, the news is different -- not bad, just different. With only a 2 month supply of inventory, there is less for you to choose from and more than likely you will be competing with other buyers. Interest rates are expected to go up this year, but remain below the historical average.
We would love to talk to you or your friends about our market in more detail. Call us to talk! We’re here to serve you.
Congratulations to our clients & friends
105 E OAK ST
Cute home on a quiet street in Howey!
2 living rooms plus a 4th bedroom with private entrance - easily turn it into an in-law suite, man-cave, she-shed, or rental.
525 waterside Pointe Dr
Townhome in immaculate condition!
Safe, low-maintenance community with
the best amenities available of any townhome community in Clermont.