Welcome to May 2019 Disney real estate market update.
Sales and inventory decline but average sales price reaches a near all-time high
In May we saw the average sales price reach $240,000 compared to this time last May 2018 at $227,000 a 5.4% increase. Inventory has declined 4.39% to 1,912 compared to last year 1,996. 641 homes sold in the month of May, compared to 675 in May 2018 a 5.30% decrease.
The Florida Summer is here, the weather is scorching hot and so are the prices as we reach a record high of $240,000. Don't fear, interest rates are still historically low so it's still a good time to buy for long term homeowners. Both inventory and sales fall but the market remains extremely healthy for the months ahead.
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.