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The Latest Numbers From the Orlando Real Estate Market


How is the Orlando real estate market doing in 2017? Overall, our market is still going strong, but there are a couple of things that you should know.

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The Orlando real estate market is going strong. Since last year, the overall median price is up by 12%, currently resting at $207,900. Condos are also up by 15%. Foreclosures and short sales continue to fall. In fact, the majority of sales in our market right now are normal sales.


Overall, we have a very healthy market.


That said, inventory is down by 11%. There are still more buyers in the market than there are sellers. If you are thinking of selling your home, please reach out and we can give you a comprehensive idea of how to price your home in order to best meet your real estate goals. Inventory is very low in our market and interest rates have gone up to 4.3%. Still, overall we have a very healthy market. If you have any questions, please feel free to reach out to us. We would be happy to help you!

What Rising Mortgage Rates Mean for Buyers and Sellers


Now that we know who is going to be president, mortgage rates have been rising, and they’ll keep rising. Whether you’re a buyer or seller, this means the time to enter the market is now.

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Why have mortgage interest rates increased so much over the last 30 days?

The primary reason is that we just came out of a presidential election cycle, and there was so much uncertainty in the marketplace that investors took their money out of the stock market and put it into the bond market. Now that we know who is going to be president, the money has shifted back from the bond market into the stock market. This is one of the reasons why we’ve seen the stock market jump over 19,000 points.

The bond market has a direct correlation to mortgage interest rates. As the money came out of the bond market, we saw mortgage rates increase by the biggest amount we’ve seen in two years. For you buyers who’ve been waiting, now’s the time to enter the marketplace because rates are projected to go higher in 2017.


Whether you’re a buyer or seller, now’s the time to make your move.


How do mortgage rates affect your monthly mortgage payment? For every quarter point that they go up, your mortgage payment goes up by $30. As rates increase, downward pressure is put on affordability. This means that sellers are facing the same situation in that the best time to put their home on the market is now before rates increase and there will be fewer buyers out there who can afford to buy their property for what they want to sell it for. Whether you’re a buyer or a seller, if you’re interested in making your move in the market now, please don’t hesitate to give us a call. We’d be happy to help!

We’d Love for You to Join Us at HUD Training


We'd love for you to join us at our upcoming HUD training event. It's on December 19th at our office in Longwood.

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I’d like to take a moment to invite you to our upcoming 4th quarter HUD agent training.

We will be going over HUD bid submissions as well as some of the contract corrections we see come through on a regular basis. Whether you’re a veteran agent or newly-licensed, we would love for you to join us. There will be something for everyone.


There will be something for everyone.


We will be holding the training right here in our office at Longwood on Monday, December 19th at 10 a.m. If you’d like to be added to the RSVP list, all you have to do is give us a call or send an email to info@fredarealtyorlando.com to let us know. We look forward to hearing from you soon!