Orlando, FL home prices and housing market

Nearly a quarter of Orlando home listings have cut their asking price. If you are thinking about selling this year, that single number should shape your whole strategy. Here is the picture. The typical Orlando home is now worth about three hundred ninety-one thousand dollars, down just over one percent from a year ago. That is a gentle slide, not a crash. But supply is doing the real damage. There are roughly three thousand eight hundred homes for sale right now, and the typical listing sits for about 71 days, more than two months, before finding a buyer. With that much choice, buyers can afford to wait, and they are. Here is the twist. Sellers are not backing off. Around one thousand one hundred new listings hit the market this month, and the median asking price sits near four hundred thousand dollars, above what homes are actually worth. That gap between asking and reality is exactly why so many listings end up cutting. So if you sell, price at or slightly below the market from day one, because overpricing in Orlando right now means sitting for months and cutting later anyway. For a free estimate of what your home is worth today, visit Home Value Pros dot com.