Orlando's real estate market continues to show its strength with new data revealed by Orlando Regional Realtor Association (ORRA).
The report Monday Morning Quarterback offers detailed insights into sales, pricing, and inventory, highlighting unmissable opportunities for Brazilian investors interested in the region.
Check out this week's highlights!
Single-Family Home Market Highlights
- Increase in Sales: They were sold 401 single-family homes, a significant increase in relation to the 250 units from the previous week.
- Price Appreciation: The median home price rose to US$ 445,000, registering a growth of 2,3%.
- Drop in Auctions: The number of foreclosure transactions has fallen to 2, compared to 3 in the previous week.
- Increase in Short-Sales: Flash sale transactions rose to 1, in front of 0 in the previous week.
- Inventory Reduction: The current inventory has 7,682 homes available, a reduction of 12 units.
Condominium, Townhome, and Villa Data
- Sales Growth: They were sold 102 properties, an increase compared to 70 units from the previous week.
- Significant Price Increases: The median price rose to US$ 292,000, an impressive growth of 11,0%.
- Stable Market: There were no changes in auctions or quick sales in this segment.
- Stock Expansion: Now, they are 3,845 units available, an increase of 58 properties.
Why Orlando Real Estate Market Attracts Investors in 2024?
THE Orlando real estate market remains one of the most promising in the United States. The region attracts investors for several reasons, including:
- Proximity to theme parks: The city is one of the most visited destinations in the world, which drives the vacation rental market.
- Constant appreciation: The growth in prices measured weekly demonstrates the strength of the market.
- Return potential: Well-located properties offer both long-term and tourist rental opportunities.
Investing in Orlando is ideal for those looking to diversify their investment portfolio with properties that offer safety and high demand.
Opportunities for Buyers and Sellers
- For Buyers: Rising sales indicate a competitive market. It's essential to be prepared to act quickly, especially in the retail segment. single-family homes.
- For Sellers: This is a favorable time to list properties, especially condominiums and townhomes, which showed double-digit price increases.
How to Take Advantage of the Orlando Real Estate Market?
If you are thinking about buy property in Orlando, now is the ideal time.
Talk to Jen Dantas, real estate agent in Orlando, and discover the best homes for sale that meet your profile and goals. Take advantage of Jen's experience and knowledge to make the perfect choice in the Orlando real estate market.
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