Take a Moment to Read how the Winter Garden Real Estate Market is performing
1st QTR 2023
Thank you for taking a few minutes to read the Ron the Realtor 2023 1st Quarter Real Estate Report. The only place on the planet to get this detailed breakdown every single quarter from the Realtor that has dominated one of the most active zip codes in the entire state for over 2 decades. The data is broken down every quarter to the single-family market as well, which is crucial when trying to identify trends in the local marketplace.
Winter Garden continues to be a highly sought-after place to call HOME.
When it comes time to buy or sell make sure RTR is the first call you make
Let’s get into it:
1st Quarter 2022 Winter Garden 34787
1st Quarter 2023 Winter Garden Single-Family Housing Market
1st Quarter 2022 Winter Garden Single Family Only
The Winter Garden market continues to be a highly sought-after place to call home. We are still experiencing heavy demand in spite of the higher rates. What is happening is a major decrease in available homes for sale. Many homeowners are refusing to let go of their under 3% fixed rates. Even in situations where an existing homeowner has to buy a new home, more than ever before, they are deciding to hold onto their existing home and turn it into a rental property. This is even further fueling the inventory shortage.
Nice homes are still selling in days and for record numbers. It is important to understand that there are well over 20,000 Realtors in Orlando ORRA MLS. Many are listing homes way over the current market to not lose the chance of having that listing. This has caused many homes to sit, and collect days on market. These same overpriced listings then have price reductions, fueling even more headlines.
The 2 record sales this quarter definitely helped all the data metrics, but we are now entering the busy summer buying season of the 2nd Qtr.
Now more than ever, inventory will be the biggest force in our Winter Garden Market.
If you are thinking of selling this might be the last chance to obtain peak value. We are seeing a stall on all major data metrics which tells me we are at a zenith point it appears.
The time to sell is now.
The area is still experiencing a growth explosion and builders cannot keep up with demand. Build times on tract homes is at a year plus and custom builds in most cases are running 2 plus years now. The resale market is benefiting immensely in this current environment. Like with all things, this will too change. Supply chains will improve, builders will overbuild, and inventory will increase. Simple supply and demand economics at work.
Inventory being so low now, call me to discuss what your home’s current market value is and we can discuss a customized game plan to exceed your goals.
I have not seen a better time to sell for top dollar than this 2nd and 3rd quarter of 2023. It is truly a perfect storm for the Winter Garden resale market…. no idea how long this train will continue to run before it runs out of steam…. but again, the metrics are saying the huge increases have come to an end.
Have an amazing day, always here when you have questions. 407 592 SOLD
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