Is It a Good Time to Buy a Home in Orlando?

Experts and data are giving strong reasons why this time around a “market crash” is not expected to happen.

In an article published by KPM, it states that one of the key reasons why the market won’t crash this time is the current undersupply of inventory. Housing supply comes from three key places:

🏡Current homeowners putting their homes up for sale
🏡Newly built homes coming onto the market
🏡Distressed properties (short sales or foreclosures)

Specially the Orlando real estate market shows that the inventory is below what's considered a normal market. Inventory of homes for sale in Orlando are at 2 months right now. 

For a market to crash, an oversupply of inventory needs to happen and the evidence just don’t support that. With interest rates increasing the demand from buyers have shrunk, since it is limiting the buyer's affordability. 

🔗There simply aren’t enough homes on the market to cause prices to crash. Even though housing supply is growing this year, the market certainly isn’t anywhere near the inventory levels that would cause prices to drop significantly.

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Lisbeth Rios 

www.lisbethrios.com