Market Update - Attn: Buyers & Sellers

The swing back toward a more neutral market is HERE... and there's good news for both home buyers and sellers!

Buyers: Finally a bit of relief! Loads more inventory hitting the market, investor competition has slowed, and negotiating for longer inspection periods, closing cost assistance or credits for home repairs is back in play. Of course, every listing is unique and certainly don't think that because the market is shifting you can let your guard down - a fairly priced home in a great location with nice features and/or updates will likely still sell within a few days with multiple offers. But are there Buyers make great purchases right now, absolutely! 'What about interest rates?' you might be thinking... Remember that interest rates remain historically low (today just over 5%) and can always be refinanced down the road. Working with the right Lender can help you determine if a Seller credit to buy down the rate could be a good move for you, too. Check out the recent influx of homes hitting the market in Orange and Seminole Counties below.

Sellers: Don't believe the nay-sayers claiming that the prime time to sell your home has passed - home values are up! In Orange and Seminole Counties the average home sale price is up 19% over this time last year - $402,934 in August 2021 and averaging $479,491 today. Remember that a home that is priced fairly, prepared for its next owner (clean, decluttered & nice curb appeal), and marketed with an experienced Realtor sells quickly for top dollar! Take a look at the home sale price growth in Orange and Seminole Counties over the past ten years below.

If you're considering whether or not now is the right time for you to make a move, please shoot me a message and let's set a time to discuss. I'm a big believer in working through the pros/cons for all of life's big decisions and happy to help you with yours!

As always, thanks for being here!

- Lindsey