Just how challenging has the Orlando real estate market been for buyers this year? I took a look at the percentage of closed sales, in Orange and Seminole Counties for the last six months that closed above asking price. I looked at the numbers for this year compared with 2019. I went back two years for obvious reasons, given the special circumstances and challenges of 2020. Below is a table that illustrates just how much more challenging our market has been for buyers this year.  Month 2019 2021 March 8.5% 19.8% April 9.8% 27.3% May 10.2% 30.8% June 10.7% 38.2% July 9.8% 38.0% August 9.7% 36.5% You can see that in a 'normal' market nearly 10% our sales in Orlando close above the asking price. In our super heated market of 2021 that percentage has more than tripled. We have seen inventor... 09/08/2021

No major changes last month. Sales and prices continue to climb double digits, while inventory continues to run low. Total sales in July rose 14% compared to a year ago with 4,183 homes of all types closing last month. The median price of the homes sold in July rose 18% compared to July 2020 with a median sales price of $320,000. While inventory was still 43% lower than a year ago, we did see a rise of 14% compared to June. As of the end of July there were 3,524 homes available for sale representing about a 26 day supply of homes on the market. Check out this brief video breakdown of the #OrlandoRealEstate market results for July 2021. 08/17/2021

The #OrlandoRealEstate market continues to burn red hot as the summer selling season got under way last month. Sales and prices soared double digits, while the inventory of homes available for sale remains extremely low. June saw a 42% increase in the number of homes sold, compared to last year. The 4,414 closed sales last month is the highest number so far this year. The median price last month jumped 19% compared to a year ago, skyrocketing from $265,000 a year ago to $315,000. The inventory of homes available for sale did increase about 10% compared to May, but was still 53% lower than a year ago. There were only 3,098 homes active on the market for sale, which represents only about a three week supply of inventory. Check out this video breakdown of the market. 07/20/2021

Orlando Military Real Estate Veteran REALTOR Orlando FLMilitary Real Estate Veteran Specialist & Relocation REALTOR FloridaWe are Orlando, Florida State's Preferred Military Veteran Realtor Specialist. Servicing our Veterans and Active-Duty Military. Enquire today, and let us guide you through the process of buying or selling your next home. We have the largest team of Verified Veterans ready to serve you.Please visit our link to have a Veteran agent contact you.https://olympusexecutiverealty.com/military-veteran-realtorsWhy Use A Military Veteran Realtor Specialist?Military Veteran Realtors know how to stay organized. They understand teamwork, are extremely resilient and are optimistic. Olympus Orlando Veteran Agents are leaders in our industry, and most important, service to others is... 06/25/2021

Take the sales increase with a grain of salt. Remember last year, May sales were way off due to COVID-19. That being said, sales did climb 82% compared with a year ago, and the median price soared 15% compared with May 2020. Over that same time, the inventory of homes of all types available for sale has plummeted 61%. Sales last month outpaced the inventory, meaning we have less than a one month supply of homes available for sale in Orlando. That may be starting to turn around though, because the 2,822 homes for sale represented a 6% increase in supply compare with the month before. Also, the median price has remained steady for the last few months at $300,000. #OrlandoRealEstate #Remax #Realtor  06/16/2021

Hiring a buyer agent to help you buy a property is not necessarily required. However, working with an Orlando FL luxury buyers agent will essentially help you find the right property that meets your standards. If you are buying a property for the first time and have no prior knowledge, your best option is to look for an experienced buyer agent who knows your market.What does a buyer agent do?Orlando luxury buyers agent represent the buyer and handle the transactions between their sellers. Their main priority is to meet the buyers' needs and find the right property for them. Essentially, buyer agents are hired to do the heavy lifting work when buying real estate, from researching local real estate markets to negotiating with sellers. Buying a property without a buyer agentIt's understand... 06/06/2021

Veteran’s Home Loans for Orlando FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you mon... 05/27/2021

Homes are now routinely selling above the asking price, and many times sellers are requesting that appraisal contingencies be waved. Five of my last nine sales have been at list to as much as $25,000 over the asking price. When you watch this video breaking down the #OrlandoRealEstate market for March you will see why. Sales are soaring, and inventory is in a freefall pushing prices up double digits compared to a year ago.  05/19/2021

Check out this new listing for a 4 bedroom, split plan home with lots of additions.     Active - Orlando Move In Ready 4 Bedroom Home OverviewMapsPhotosDescriptionNeighborhoodMarket Stats $334,990 Single Family Home Main Features 4 Bedrooms3 Full BathroomsInterior: 1,980 sqftLot: 0.21 acre(s)Year Built: 1991 Location 14913 White Magnolia CtOrlando, FL 32824USA Dee Toohey Innovative Realty Solutions Group(407) 421-7915deetoohey@aol.comhttp://www.innovativeregroup.com        Listed by: Innovative Realty Solutions Group Our recent listings Active - Landed 55+ Golf Community 2/2 for sale. | $34,900 | Zellwood, FLActive - Winter Springs 3 BD home f | $224,900 | Winter Springs, FLSingle Family Residential | $246,000 | Kissimmee, FL55+ Community on the Harris Chain of Lakes | $26,500 | Leesbur... 04/22/2021

Be sure to check out my post about the current challenges of purchasing a home in Orlando.When you check out the latest market report for February 2021, you will understand why buying a home in Orlando right now is not easy. Even with all the challenges, sales continue to be strong. In fact, sales of all types of homes rose 19% in February compared to a year ago. There were 2,995 sales, up from 2,521 in February of 2020. Low interest rates and strong demand have pushed prices up too. The median price in February 2020 was $250,000, and that has soard 12% to $280,000 this year. The bigger story though, is inventory. I have been saying for the last few months that the inventory of homes for sale is at critical levels. There are only 3,420 homes for sale in the Orlando market compared to 6,... 04/08/2021

Almost every choice comes with a consequence. This is especially true when it comes to home buying in Florida. Wrong choices when you buy homes in Orlando FL can lead to very expensive consequences. But worry not, because we have gathered some tips to help you avoid costly mistakes when purchasing your dream Florida home. 1. Choose the right agent. The home buying process involves disputes, contracts, negotiations, and renegotiations. In choosing an agent, it is important to get one who will represent you well in these parts of the process. Getting an experienced exclusive buyer’s agent will ensure that everything will be handled with expertise. As a result, you will be able to get that Florida dream home without spending unnecessarily. Choosing the right agent is a crucial factor in yo... 03/14/2021

 The Orlando Dream Home Finder Program Nearly 70 million people visit Orlando each year, drawn to its perfect climate and world-class tourist industry.These days though, many of those visitors are increasingly likely to stay…Orlando, and Florida as a whole, is become increasingly popular for professionals and families looking to relocate and escape the gloomy weather and lower quality of life of more northerly climes.For the real estate sector, that means only one thing: The market is booming, and it’s becoming ever more tricky for home hunters to find the perfect property.The Hunt for Your Dream HomeSo you’ve decided you want to relocate to Orlando, and you’re eager to start the search for your dream home.After a busy morning browsing the listings on Zillow and Realtor.com, you’ve begu... 02/23/2021

It is a new year, but we are seeing more of the same when it comes to the #OrlandoRealEstate market results for January 2021. When I say more of the same, it is way more of the same. Sales for last month were up 20% compared to a year ago. There were 2,727 closed sales last month compared to 2,270 in January 2020. But wait there's more... Prices climbed 12% compared to a year ago. The median price held steady compared to the prior month, but jumped from $245,000 a year ago to $275,000 over the last three months. If a 20% hike in sales, and a 12% jump in prices don't get your attention, perhaps the 40% plunge in the number of homes available for sale will do it. In the last year the number of homes available for sale in the Orlando metro area has plummeted from 7,030 (which is low to beg... 02/17/2021

The #OrlandoRealEstate market report for December is more of the same. Sales are soaring, and inventory is in a freefall. This is pushing prices ever higher. Sales in December were up 21% compared to a year ago with 3,672 closed sales compared to 3,033 in 2019. The inventory of homes available for sale has absolutely plummeted 31% over the same time period. As of the end of December only 4,875 homes of all types were available for sale, giving Orlando just over a 1.3 month supply of inventory. The continued strong demand for homes, and declining inventory pushed prices up 10% year over year. The median sales price was up from $249,000 to $275,000. Check out this brief video breaking down our local market for December 2020.#Remax #Realtor 02/11/2021

 Orlando Real Estate Spotlight: The Benefits of Buying a New Construction Home. It’s no secret that the real estate market in Central Florida is booming. After a brief slump last March, not even the ongoing COVID-19 pandemic can stop the market from appreciating at a rate of at least 7% year-on-year.This has led to something of a predicament: We’re rapidly approaching a housing stock shortage, with homes often selling above their asking price, as buyers attempt to out-bid the completion to secure their dream property.This situation hasn’t gone unnoticed by developers: New builds are springing up across the state in a bid to cash in whilst demand remains strong.  Is a New Construction Right For You?In this article, we’re going to explain the perks of new construction homes for those of y... 02/02/2021

If you are struggling to make your monthly payments and pay your bills, let me and my team help you out.  Do not let the bank win.  We can help you with creative problem solving.  If you need help trying to modify your loan, work out a forebearance with your lender, sell your home to a cash buyer, or list your house on the open market, we can help.  Solving Florida real estate problems for over 20 years now.  Foreclosure, short sale, behind on payments?  We have seen the ups and downs of the market many times.#stopforeclosure Stop foreclosure. Give us a call 407-739-5773 or visit https://webuyhousesflorida.com .   01/06/2021

Low interest rates and strong demand for housing in Orlando has continued to push sales higher. Last month #OrlandoRealEstate sales climbed 25% compared to a year ago. During the same time, the number of homes available for sale plummeted 25%, leaving us with just a little more than a 1.6 month supply of inventory. High demand and low supply has pushed the median price up 12% to $269,950. Check out the latest market report in this brief video. 11/16/2020

Orlando real estate sales and prices up double digits, but inventory plunges. Sales last month were up 16% compared to a year ago, with 3,478 closed sales of all types of homes. The strong demand pushed prices up 10% compared to last year with a median sales price of $270,000. The number of homes available for sales continues to drop with only 5,972 homes of all types currently on the market. That is a 23% drop from last September. With such strong sales, and such low inventory, we currently have only about 1.7 months supply of homes available for sale here in Orlando. While this represents a very strong seller's market, interest rates below 3% make this a great time to buy as well. Check out this short video breaking down the #OrlandoRealEstate market results for September 2020. 10/15/2020

Are you looking to move shortly? Do you need to sell your home in central Florida? If so, you’re not alone. Many people are moving these days, seeking better economic opportunities in other states. If you’re relocating and need to sell your house in central Florida, here’s a quick guide to making the process as smooth as possible. Relocating and Need to Sell Your House in Central Florida? Move Only What You Need! Use the relocation opportunity to get rid of any unwanted clutter and trash. After living in a home for a little while, you’ll invariably collect a bunch of knick-knacks that take up unnecessary space. When you relocate, it’s an excellent opportunity to sort through some junk and leave behind what you don’t need. Not only will this help with unboxing in your new home, but it wi... 09/25/2020

Foreclosure. It’s a word that elicits feelings of fear in the hearts of most homeowners. In 2019, Florida saw an increase in foreclosures even as, nationally, they were decreasing. Given the economics of 2020, most professionals believe that foreclosures will depress prices in Orlando and the rest of Florida for the foreseeable future. Perhaps even sadder than the foreclosures themselves is knowing that every person could avoid foreclosure and sell their house Orlando. Nobody ever has to have a foreclosure on their record. If you’re facing foreclosure, here’s how you can avoid it!The Foreclosure Process in FloridaThe foreclosure process in Florida is usually reasonably lengthy, taking an average of 8 to 14 months. It all starts with the first missed payment on your mortgage. The bank wi... 09/20/2020