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Right now, the Central Florida real estate market is seeing massive demand. However, there are not enough homes to meet it. Therefore, this has had a ripple effect on both potential buyers and renters. Right now, buyers are seeing a lot of competition when trying to get a desirable property. This makes it a lot more difficult for first time buyers, and consequently, puts more demand on the rental market. Because of this, Central Florida real estate prices have seen an increase.
Right now, there is roughly a 4 million home deficit nationwide. In Central Florida, a healthy supply of homes is of 10,000. Right now, the market is down to 4,200. For sellers, this is great news. However, for buyers this means more competition and higher prices. Right now, it is harder for buyers in Central Florida to get the home they want.
Read full article here: https://www.wftv.com/news/local/orange-county/central-florida-housing-market-sees-massive-demand-not-enough-homes/ESF2FN2VVRFMVMZDIJOEA2364E/
Looking to buy a home in Central Florida?
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