May is Here – What is The Market Doing?
May is here! Usually this is the highest selling and buying time in many markets in the US and in Florida as well. Contrary to many assumptions, the market has been thriving in the Central Florida area. YES, there are fewer buyers, and YES there are fewer homes on the market during this pandemic while we deal with COVID-19 concerns. But how did this really affect the housing market?
In the Orlando metro area, our result from the Orlando Regional Realtors Association will be out on Friday, May 15, 2020. If you would like for me to send you the information once released, please reply to this email to request it. I will be happy to send it to you once it is available.
I can speak for my own personal results:
March 1, 2019 to May 31, 2019, I sold 9 homes with an Average Sale Price of $200,000.
March 1, 2020 to May 13, 2020, I have sold 7 homes with one more expected to close before the end of the month. The Average Sale Price is $276,000.
Last year March to June 2019, my total sold homes was 13 with an Average Sale Price of $220,000.
This year, I can project until early June that I will have 10 sales completed with an Average Sales Price of $267,000.
My take away is that the market was not truly affected in a year over year comparison. I can’t speak for all Realtors or Brokers on their numbers, but at Schulte Realty, we are very pleased on the activity of the market.
What is important is to keep a positive mindset and to gather accurate information – not follow the hype or sensationalism. Click the button below to read a great blog about staying calm and listening to the voice of reason.
If you have any questions about the real estate market, need a referral to a great handyman, plumber, printer, painter, attorney… just about any referral… call me. Happy to help!
And remember… for the latest statistics on the Orlando Housing Market coming out on May 15, 2020, send me an email to request the info. My contact info is below.
Hope you and your families are staying well and staying safe!!