Gitta has a new market update! Central Florida home sales are in decline. What does this mean for Lake Mary sellers in 2019?


March Market Update | Lake Mary Area

Lake Mary/Heathrow/Sanford/Longwood home sales have been in decline. Gitta has a market update that explains how you can navigate through the real estate headwinds in Orlando.

Transcription:

Hi everyone! This is Gitta with Gitta Sells & Associates.

Orlando home sales for February 2019 have experienced a year over year decline of 5% according to the Orlando Association of Realtors. This is the second year over year decline in sales as January had a 14% decline. Orlando Home values during the same period increased by 2.6% to a $235,000 median price. The median prices were also 3.5% than January 2019. The housing supply, homes on the market increased by 6.3 %, indicating the beginning of a buyer market. Throughout the central Florida area, by county, the following real estate sales were  reported.

*Lake County: 16.0 percent below February 2018;

*Orange County: 6.2 percent below February 2018;

*Osceola County: 21.0 percent below February 2018;

*Seminole County: 2.8 percent below February 2018.

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