Welcome to February 2019 Disney real estate market update.
For the second time in 10 years, we've seen the median price hit $240,000 as inventory declines 7.9%
In February we saw the average sales price increase to $240,000 from $228,000, a 5% increase from February 2018. Inventory has declined 7.9% to 2,064 compared to last year 2,228. 418 homes sold in the month of February, compared to 479 in February 2018 a 14.6% decrease.
For the second time in 10 years, we've seen the median price hit $240,000. The last time we saw the median price reach this record high was in November 2018, a sure sign of a positive real estate market. With limited inventory currently on the market and new construction sales booming expect the market to continue to rise.
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.