April 2021 Market Update
The number of new listings on the market is still down 6% compared to last month and 11% from this time last year. There are 13% fewer listings from this time two years ago. Houses are staying on the market almost 2 whole weeks less than this time last year and is half of what it was two years ago! Interest rates are still around 3%.
Here are some quick statistics for Osceola, Polk, and Orange counties.
This is comparing April 2020 to April 2021. The number of houses sold did increase 44% from the prior year! Because of the high interest in buying and a lack of houses for sale to support the demand of buyers, the average price of houses has increased again from this time last year by 26%. Supporting proof for this demand is the fact that the average days on the market continues to be TWO WEEKS from this time last year!!! Houses sold in April 2021 on average sold at or above list price. Even though demand is high and therefore prices are increasing, it is still super important to list a house for a fair market value and not over price it! Houses that don't show well or are overpriced STILL DO NOT SELL and are sitting on the market! These houses still require a price correction. A house priced right and marketed well is selling in a matter of days.
The average sales price for a 3 bedroom, 2 bathroom, single family home without a pool in the central Florida area are as follows: Poinciana - $221,471 +$16k from last month Kissimmee - $267,905 + $9k from last month Saint Cloud - $284,819 -$5k from last month Davenport - $265,974 +$2k from last month Orlando - $269,378 -$11k from last month Haines City - $236,398 +$12k from last month Deltona - $235,603 +$7k from last month If you are worried about where you will move to, talk with us! We have 15 different things you can do to keep from being homeless during that in between time. Connect with us to talk about your options.