STATUS OF CENTRAL FLORIDA HOUSING MARKET

The attached chart depict's data from 2021 to 2022 and the current year April through May 2022 and April to May 2022 . However this chart does not include any FSBO for sale by owner. This is a very interesting chart. The status for the month of May 2022 in Central Florida housing market shows an upward and positive changes in the Central Florida housing market.

Inventory has increased 36.5% from a year ago. New listing grew by 11.7% and expecting more homes to come on the market.  From April through May 2022 an upward spike in 1200 more homes came on the market in Central Florida.

Historically the home inventory on the market increased 44.2% from April to May 2022 and new listings increased 10.7% from April to May 2022.

For the month of May 2022 3946 homes sold and average interest rate was 5.3%. Click here to see todays housing market status /TODAY-S-HOUSING-MARKET---32819---32836---Dr-Phillips-6-23009.html

MEDIAN PRICE

The median price that was identified from  May 2021 to May 2022 jumped significantly over 84,000 which is history from one year to the next 2.7%. From April 2022 to May 2022 spiked 9,000 in 30 days! Median sales price held at 379,950 fro the month of May 2022. And this was still tight to finally close on after many contracts submitted o a single home.

HOUSING INVENTORY

Housing inventory in Central Florida monthly supply jumped 33.9% from May 2021 to 2022 and 38.9% from April to May 2022. The signs are there that homeowners are putting homes on the market despite the world crisis.

Huge increase on interest rates 3% 2021 to 6.2 % in June 2022. The fed's realized a bit too late to put the brakes on the housing market to help curb inflation. Unfortunately this hurt a lot of first time buyer's and those same prices they qualified for is now for a smaller home since last year interest rates.

See the chart that reflects the months of housing supply for each month for a year to see the decline.

Overall Central Florida has done very well and expected to remain strong through the year 2022 despite increase in the interest rates. Lastly, trust your local home advisor Kevin Strawter and stay connected at 850 496-6412 or email kevinstrawter@gmail.com 

Serving Dr Phillips and Central Florida. Click here to know more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html