Home Buying in Lake Mary>Question Details

Marilyn Elio…,  in Orlando, FL

What market trends are you seeing right now?

Asked by Marilyn Eliopulos, Orlando, FL Sun Sep 29, 2013

Help the community by answering this question:


South Florida market activity is as follows:

decreasing inventory of resale property

increasing sale prices

increasing "start up" for new construction

mortgage rates inching upward

0 votes Thank Flag Link Fri May 2, 2014
In my neighborhood (Nashville, TN), we have very very low inventory. A house will pop onto the market and upon occasion it is already gone within a few HOURS. Now that the weather is improving, I seriously hope homeowners decide to place their homes on the market. We have buyers who can't find a thing that fits their criteria!
0 votes Thank Flag Link Sat Mar 29, 2014
Hi Marilyn,

The market has continued to recover month after month with home prices on the rise. However it is typical for a slow down during this time of the year. We have seen what was once a buyers market advert to a sellers market with lower inventory. I know you posted this on September 29th and unfortunately no one responded. In the last six months there were 267 sold listings with an average sales price of $306,000 Currently there are a total of 125 Single Family Homes on the market in Lake Mary. So of course you can see the drop ad why prices are rising.

Hope this help

Tanya Stewart
0 votes Thank Flag Link Wed Oct 30, 2013
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