May’s Home Sales numbers for Orange County Florida continue
to show how much of a seller’s market it really is at the current moment. Overall for the month of May, 1,340 homes
sold, representing a sharp increase compared to the month of April with
1,078.
The busiest category once again was the $200,000-249,000
category, with 246, once again an increase over April, with 199 sales. Second busiest was the $250,000-299,000
category with 231 sales, consistently representing a sharp increase over the
previous month with 188.
There were 37 sales of luxury homes over $1 million,
compared to April with 35. Sales of all
luxury homes over $700,000 rose steadily as well, with 81 for May, compared to
70 for April.
Here’s where it gets really interesting. For May, 870, or 65% of homes sold within
0-30 days. That is the highest the
number has been since prior to the 2008 housing crash.
48% (644) homes sold were financed with Conventional
Financing, while FHA financing was used for 18%(240) homes, and 22% (290) were
financed with cash.
These numbers very clearly show that this is a full seller’s
market. Homes are selling for more
money, in less time, than ever before in the last decade.
If your home is on the market, and not selling…why?
If you are thinking of selling, you really should do
it. Now.
This is about as good a time as you will ever see. Now that school is out, over the next 45 days
or so, competition will only skyrocket, before it slows down for the fall. I’d really like to sit and chat about how we
can get your home sold, and help you achieve your goals!
If you’re thinking of buying, you need to make sure your
offers are as good as they can possibly be.
Competition is going to be incredibly stiff, and you need to make sure
you stand out among them all. Call me
as soon as possible so we can discuss strategies to make sure your offer is the
cream of the crop.