When to Buy A home

Some interesting, yet not so surprising, data coming out from Freddie Mac, Fannie Mae, and the Mortgage Bankers Association (MBA).  “Three major housing industry entities project continued home price appreciation for 2022. Here are their forecasts: Freddie Mac: 5.3% Fannie Mae: 5.1% Mortgage Bankers Association: 8.4% Using the average of the three projections (6.27%), a home that sells for $350,000 today would be valued at $371,945 by the end of next year. That means, if you delay, it could cost you more. As a prospective buyer, you could pay an additional $21,945 if you wait.”

Orlando Real Estate Market

Single-Family Existing Homes

• Sales of single-family homes decreased to 444 during the week of Jan 16, from 540 the week prior
• The median price of single family homes decreased to $366,000, a change of -3.2%
• Single-family inventory decreased by 4, and now sits at 1,844

Condos, Townhomes, and Villas

• Sales of condos, townhomes, and villas decreased to 155 during the week of Jan 16, from 221 the week prior
• The median price of condos, townhomes, and villas increased to $235,000, a change of 6.8%
• Condo inventory decreased by 28, and now sits at 608