Want another Reason to buy a home now in Central Florida? Many home buyers are “waiting” for home prices to go down and swear “now isn’t the time to buy a home” with “interest rates being too high”.
Yet despite this common sentiment among non-Homeowners now…Central Florida Home Prices in this market have still reached the HIGHEST LEVEL EVER recorded.
Indeed, except during the 2008-2011 Worldwide economic crash, Orlando-Area Home prices have not EVER Gone down in the last 100 years!
The median Orlando-area home price for April was recorded at $388,500, the region’s highest monthly median home price on record according to the Orlando Regional REALTOR Association.
Median Orlando-area home price in April was $388,500.
Realtor and mortgage broker Alex Khalil told News 6: “Definitely it doesn’t make a person happy to know that Home Prices used to be $245,000 a few years ago, and it’s not slowing down the signs of it. The inventory is low, the rates aren’t decreasing, although that’s what buyers have been hoping for.” Khalil said.
The association said April’s interest rate was 6.9% up slightly from 6.7% in March, but despite that, homes are still selling quickly.
“Who isn’t buying a home? Everybody around the globe, around our nation and more expensive states like New York, California and others.” Khalil said.
Though Khalil explained there are still people waiting for interest rates to come down but believes that may not happen anytime soon.
