THE FIRST RULE OF RTR ARMY
TELL EVERYONE YOU KNOW ABOUT
RON THE REALTOR
The only reason you clicked on this publication was, let’s be honest, to find out what RTR’s crystal ball says. With incredible accuracy every year this section is spot on and is used to forecast the next year’s market, what the RTR ARMY relies on to succeed.
What is in store for 34787 in 2022:
Well… the FED has already promised 3 interest rate hikes in 2022. While rates go down gradually over time, when they go up, they usually spike .5 to a full pt overnight. These dramatic spikes do cause an immediate hard stop in buyer demand for the short term, which weakens and back to normal in few days to 2 weeks typically.
The bottom line is we cannot ignore the simple supply and demand factors of the highly sought-after area of Winter Garden. Sellers are not selling, while they would love to cash in on these record prices… where are they going to go? Meanwhile, buyers are coming by the thousands every month to the area. Inventory will continue to not be able to meet demand in the coming 12 months.
New home builds quoting 15 to 18 month delivery times will further place demand on resales as the threat of interest rate hikes become the concern of 2022. Locking in your rate and closing on a resale will make remodeling in an established community even more attractive in the coming year.
RTRs predictions are pretty close to the percentages predicted in 2021 that were smashed two fold by the actual data. Those that read the 4th quarter market report know the record 4th quarter Winter Garden experienced. 2022 will feed off of that momentum for sure
Average sale prices in the area could easily top $600,000 average sale price, $235/ ft and a median that topples the $565,000 metric. Days on market will hover very close to where we are at the end of 2021, we simply can not improve on 14 days average by very much that we experienced in 4th qtr of 2021, we are at a peak on this metric I believe.