Orlando Housing Market: Orlando real estate trends to watch for in 2022!
real estate market in orlando
the real estate market in orlando in orange county
The Orlando Housing Market 2022 Should Remain Strong!
The Orlando real estate market is expected to remain strong in the next twelve months, with tight inventory and buyers returning after being hesitant due to pandemic fears. The current trends show that it will be a seller’s field over this time period as well! Cash home buyers are flocking to the Orlando area, according to the latest report from the Orlando Regional REALTOR® Association (ORRA). The median home price in January was $335,000, a minor decline of 1.47 percent from the record high of $340,000 set in December. Home sales in the Orlando area dropped by 20.6% as compared to December but were up 11.2% as compared to last year. Cash buyers accounted for 29% of all sales in January, up from 25% in December and 21% last year. The rise in cash sales is likely due to the continued coronavirus pandemic, which has made it difficult for many buyers to obtain financing. Cash buyers are often able to close on a home more quickly than those who need to obtain a mortgage, making them an attractive option for sellers who need to sell quickly. If you’re thinking of selling your home for cash, contact us to learn more about the process and what you can expect.
Orlando Cash Home Buyers Are Increasing Their Marketing in Orlando to Acquire Orlando Florida Real Estate
Florida Housing Market Predictions 2022
Orlando Cash home buyers are increasingly prevalent in the current Orlando housing market. A total of 3,033 homes were sold in January real estate market in Orlando 2021, which is a decrease from the total inventory by 43.8% year-over-year. Cash sales made up 29.4 percent of all sales in January, an increase from 25.6 percent in December 2020. The average home spent 32 days on the market in January, up slightly from December 2021 when the average was 31. Cash buyers are often able to close more quickly than buyers who need to finance their purchase, making them attractive to sellers who need to sell quickly. In addition, cash buyers are typically not as concerned with repairs or cosmetic upgrades, making them more willing to purchase a home as-is. For these reasons, selling your home for cash may be a good option if you need to sell quickly and are not concerned about getting top dollar for your home.
A Slight Dip In The Orlando Real Estate Market
“The Orlando housing market slightly dipped in January as expected during the winter months; however, sales are predicted to increase during the spring season and remain competitive throughout 2022 according to Tansey Soderstrom, 2022 Orlando Regional REALTOR® Association President.” Despite a slight increase in interest rates, they are still at very low percentages overall. Max Home Solutions the Cash Home Buyers recommends taking advantage of the market now if you are considering buying a home. The benefits of selling your home for cash are that you don’t have to worry about repairs, are happy with any type of house condition, can move on your own schedule, and don’t have to pay real estate commissions. The average home sale takes 68 days from listing to closing- you could be done in as little as 7 days by selling your home for cash! The Orlando real estate market is bustling with energy and Max Home Solutions is here to help you take advantage of it whether you’re a seller or buyer!
Orlando Housing Market Still Very Competitive…
Orlando Housing Market Crash?…
Orlando Real estate trends The Orlando housing market is very competitive according to the national real estate brokerage, Redfin. In January 2022, Orlando home prices were up 18.2% compared to last year, selling for a median price of $325K. The Cash Home Buyers can help you sell your home fast and for cash in as little as 7 days. On average, homes in Orlando sell after 14 days on the market compared to 25 days last year. There were 991 homes sold in January this year, up from 941 last year. The Cash Home Buyers are here to help if you need to sell your home fast. We have helped many homeowners in Central Florida sell their homes in as little as 7 days for cash. Give us a call today for a free, no-obligation consultation at 866-570-1755.
Statistics For The Orlando Housing Market
Sale-to-List Price was 99.2%, up +1.7 pt year-over-year.
Homes Sold Above List Price = 38.2%, +21.3 pt year-over-year
Homes with Price Drops = 20.1%, -4.6 pt year-over-year
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around the list price and go pending in around 11 days.
Hot homes can sell for about 3% above the list price and go pending in around 4 days.