Monday, July 2, 2018
Disney Real Estate Market Update June 2018

Welcome to June 2018 Disney real estate market update. 

In June we saw the average sales price increase to $224,400 from $200,000, a 9.82% increase from June 2017. Inventory has declined 46.58% to 1,812 compared to last year 2,656. 590 Homes sold in the month of June, compared to 605 in June 2017 a 2.54% rise.

Summary
Prices in the Disney vacation market continue to rise due to the low inventory on the market but this doesn't seem to faze many home buyers as sales are up yet again compared to last year. 

If you're looking to sell your home this could be a great opportunity for you to take advantage of the decreasing inventory and rising prices. If you're an international seller in the U.K then be sure to keep an eye on the low exchange rate.  If you're looking to purchase a new home, take advantage of the low-interest rates and purchase before prices rise even higher. Contact us today for more information on the Disney, Davenport, and Kissimmee markets or click here to start your search.

 

Please enjoy this quick update on what happened this week in the housing and financial markets.

 

Consumer confidence was down slightly in June, suggesting economic growth may temper a bit. Economists said trade dispute concerns were to blame.
Some economists even think that escalation of trade tensions could tip the economy into recession. However, the Fed doesn't seem too concerned yet.
The economy did slow more than previously estimated in the 1st qtr. But growth appears to have accelerated again on the back of a strong labor market.

 

New home sales climbed 6.7% in May, led by sales in the South. New home sales have risen 8.8% for the first 5 months of 2018.
Home values continue to rise, but at a slightly slower pace than we've seen recently. In April, values tracked at 6.4% annually, down from 6.5% in March.
Pending home sales slipped, falling for the 5th straight month in May. Tight inventory continues to get the blame.

 

The early bird may get the worm, but the second mouse gets the cheese.

 

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

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