Disney Real Estate Market August 2019 (Davenport & Kissimmee)
Hurricane season blows sales away...
Disney home prices in Davenport and Kissimmee hit a 10 year high of $245,000, another big 5.7% price jump. With hurricane season here the sales get blown away and drop 21% as sales decrease to 533 compared to 645 in July 2018. Historically speaking the market generally slows down in August and September which is apparent here as inventory decreases 7.75% to 1,871 compared to 2,016 in August 2018.
In summary, don't be alarmed by the decreasing sales and inventory as this is historically the slowest time to buy or sell a Disney vacation home. We fully expect the market to bounce back in the busy months of October and November. The median price has now hit a record high of $245,000 which is a sure sign the market is still hot and a great time to buy and sell. Interest rates are still historically low which could sway buyers and investors to purchase a new home before prices rise any higher. Sellers might be looking to capitalize and sell to take advantage of the high prices especially if the homeowner resides in the UK. If you're looking to selling in the near future especially if you're from the UK, this is a huge opportunity to increase your profit with the exchange floating around 1.21.
Contact us today for more information on the Disney, Davenport, and Kissimmee markets or click here to start your search.