Welcome to March 2019 Disney real estate market update.
Prices remain the same as in 2018 as sales increase for the first time since November.
In March we saw the average sales price remain the same as March 2018 at $230,000. Inventory has declined 4.19% to 2,004 compared to last year 2,088. 605 homes sold in the month of March, compared to 594 in March 2018 a 1.8% increase.
As we reach March, the median price of $230,000 remains the same as of March 2018. This is a $10,000 price decrease from last month but still a positive sign as we haven't seen a year over year price decrease since the crash 2007. Inventory slightly decreased in March by 4.19% but the highlight and attention should be drawn to the sales as they increase by 1.8%, the first increase since November 2018. This tells us that the market is heating up as expected for the busy months of Spring.
If you're looking to sell your home in Florida 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.