Central Florida Real Estate Market Statistics and Updates
Whether you’re buying or selling a home, keeping an eye on the latest market statistics and trends can help you navigate the ever-changing real estate market. We’ve put together a collection of up-to-date market statistics for the Central Florida communities of Clermont, Winter Garden, and Windermere to give you a look at how quickly homes are selling, how much they’re selling for, and how much competition there is on the market.
These numbers are a starting point for you to understand the local real estate market and find the best time for you to buy or sell. The next step is to talk to a real estate professional who can give you further insight about your specific needs and property inquiries to help you make the best decision.
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Median Sales Price
The median sales price for your community is a great way to keep track of whether homes in your area are appreciating or depreciating. This is an important metric to real estate professionals because it allows for a prediction as to where the market is headed. The number reflects the average of the total number of home sales in your area. The median sales price is not the value of your property specifically. To find that, speak with a real estate agent who can show you comparable properties and give you an accurate picture of your home’s value.
Total Closed Sales
These two statistics are to show you the number of active real estate listings on the market compared to the number of sales that close. This shows you whether there is a high demand or low demand for inventory in your market. If there is an influx of closed sales and no change in the number of new listings, we can make the assumption that it is leaning toward a seller’s market as inventory is being snatched up as soon as it hits the MLS.
Months of Supply
Months of supply refers to the amount of time that it would take to sell all the current properties listed for sale in the Central Florida real estate market. This takes into consideration the number of new listings, days on market, and the number of sales that happen over the course of a month. This statistic is another great way to tell whether the market is stabilizing or moving in favor of buyers or sellers.