After all the doom and gloom, we’ve turned a corner. We have less than 4 months inventory available which now makes it a sellers market. Sellers are feeling more confident about the market and asking prices of homes went up in March. Buyers have less options available to them as all the deals have been snapped up. This video from the Orlando Board tells you exactly how our market is going. If you have been waiting, wait no longer. Every week you wait, your options will lessen or the price you will pay will go up.
VACATION MARKET HEATS UP
After being battered during the housing bust, the vacation-home market is showing signs of life. Reports of bidding wars are trickling out of some of the locales that bore the brunt of the housing bust. This is absolutely happening here in Orlando and surrounding areas. If you are a cash buyer you will win out over someone who has a financing offer. The vacation market took a beating here and is on the way back up. That second home or vacation home will never be this cheap again. If you are thinking of having a place in the sun this is the time.