Listing Your Home in Sellers Market
What you need to know to be successful in a fast moving market.
THE BENEFITS OF PUTTING A RESIDENTIAL HOME UP FOR SALE IN CENTRAL FLORIDA
Central Florida is famous for its combination of picturesque beaches, a booming economy, and population, rapidly improving quality of life, and a variety of cities with unique features, exhilarating attractions, etc. All these make it an amazing place for buying and selling real estate, especially residential properties.
The diverse lifestyle and class spectrum of people that make up the population or visit Central Florida further boost the appeal of the rental and residential property market.
The Sunshine State pulls both local and international investors and very few markets are doing better in the face of the Covid-19 pandemic. Orlando, Davenport, Polk City, and the many other cities in Central Florida have seen their fast-growing housing markets become great for sellers.
For instance, home prices in Orlando were expected to experience a 5% increase in 2020 after jumping almost 6% Between February and December 2019. Although this rise has been slowed down a little by the Covid-19 situation, it’s still looking good.
What is a Seller’s Market?
A market is called a seller’s market when demand starts exceeding supply. This often results from low housing inventory which boosts competition between homebuyers and allows sellers to raise their prices. There are numerous advantages in selling a home in a seller’s market.
Low inventory in Central Florida’s strong seller’s market has pushed home sale prices up by around 3.4% from last year per Zillow. Also, more buyers living and working at home for significant periods due to Covid-19 in conjunction with historic low-interest rates have created a market with even more buyers. This has resulted in multiple offer situations and home selling much quicker than usual.
Here are some of the benefits that come with putting a residential home up for sale in a seller’s market like Central Florida click below for further details;
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