July 2020 Market Update
The number of new listings on the market has increased slightly from last month and compared to this time last year. Interest rates continue to be super low. The combination of these make it a great time to buy and a great time to sell, as it costs less to buy and there is limited inventory on the market. If you aren't interested in buying or selling, now would be the time to consider refinancing.
Here are some quick statistics for Osceola, Polk, and Orange counties.
This is comparing July 2019 to July 2020. The number of houses sold did increase 7% from the prior year. The average price of a house increased by 9%. The average days on the market for sold listings increased by 5 days. As mentioned before, there is a shortage of inventory for sell. Have you had any thoughts of selling your house?
The number of new listings increased in 2020 compared to 2019. As we mentioned, this is still a seller's market with around one month of inventory available. But it is still a great time to buy a house, as interest rates are still very low.
The average sales price for the central Florida area are as follows:
Poinciana - $218,512
Kissimmee - $268,685
Saint Cloud - $294,204
Davenport - $248,222
Orlando - $311,024
Have you had any thoughts of selling? Do you want to know the value of your house?