Orlando Metro Real Estate Update: Interest rates are nearly 1% lower than they were a year ago, but the inventory of unsold homes has surged dramatically.
70% MORE homes available in the $300k-$400k price range compared to last year.
39% MORE homes in the $400k-$600k range.
61% MORE homes in the $600k-$999k bracket.
46% MORE homes in the $1M+ market, where interest rates often aren’t a primary concern.
On the bright side, it seems like the "marry the house, date the rate" mantra has finally faded. Buyers are definitely on strike. All this and much more coming on my next update this Sunday at 5pm.
Jared Jones - Orlando Living
Orlando Metro Real Estate Update: Interest rates are nearly 1% lower than they were a year ago, but the inventory of unsold homes has surged dramatically.
70% MORE homes available in the $300k-$400k price range compared to last year.
39% MORE homes in the $400k-$600k range.
61% MORE homes in the $600k-$999k bracket.
46% MORE homes in the $1M+ market, where interest rates often aren’t a primary concern.
On the bright side, it seems like the "marry the house, date the rate" mantra has finally faded. Buyers are definitely on strike. All this and much more coming on my next update this Sunday at 5pm.
1 year ago (edited) | [YT] | 16