The National Association of Realtors said Monday that sales of existing homes fell 7.1 percent last month to a seasonally adjusted annual rate of 5.08 million.
Don’t forget that the Real Estate market is local.
One of the biggest reasons home sales were down in February, both locally and nationally is because the average number of homes on the market has gone down. Homes are selling briskly, we have clients who want to buy but they do not feel they have enough to choose from; when we do find a home they likely have to compete with several other buyers.
Refer to our Real Estate blog post from March 21st for the latest Orlando area market report.
If you are considering selling your home now is an excellent time. Call us for a confidential, complimentary property evaluation.