Friday, June 1, 2018
Disney Real Estate Market Update May 2018

Welcome to May 2018 Disney real estate market update. 

In May we saw the average sales price increase to $227,000 from $200,000, a11.89% increase from May 2017. Inventory has declined 33.63% to 1,806 compared to last year 2,721. 603 Homes sold in the month of May, compared to 595 in May 2017 a 1.33% 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.

 

First quarter economic growth was solid though slightly lower than expected at 2.2%. An improving economy can pressure rates higher.
Mortgage rates improved as overseas investors took to the safety of U.S. bonds. Political turmoil in Italy was the largest catalyst as their markets crashed.
Consumer spending increased in April, amid rising inflation. Inflation and a strong labor market will likely lead to a Fed rate increase at June's FOMC meeting.

 

Home price gains may be slowing down as mortgage rates creep up. March prices were unchanged compared to February, according to Case-Shiller.
Even still, values rose 6.5% nationally over last year. Housing prices are now 7.8% above their previous peak during the housing boom of 2006.
Pending home sales fell 1.3% in April compared to March. Most economists blame low inventory rather than slightly higher mortgage rates as the cause.

 

I used to be a banker, but then I lost interest.

 

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.

 

 

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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Mike Dudley Mike Dudley
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