Orlando Metro Area Real Estate Market Update

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It goes without saying that as a Realtor® I am frequently asked about the state of our real estate market. That’s why I will be sharing regular real estate market updates with you so you can maintain an understanding of what’s going on in our local marketplace.

Today, I want to talk about list-to-sale ratios. We had a look at the numbers this year as compared to the same time last year and there is a significant jump! First let me explain what “list-to-sale ratio” is exactly. When a homeowner lists their home for sale on the market the selling or list price is of course what they expect to receive for the sale of the home.

Through all negotiations the ending sale price is often different from the price originally listed. At the end of the day, sellers want to get top dollar so the higher the amount yielded from the sale, obviously the better.

2012 Sees Increased Sale Prices By Two Points

The most significant change we have seen in our marketplace is that through September 2012 as compared to the same time the year prior the average list-to-sale ratio has gone up two points. In other words, for a home with an asking price of $100,000 if it sold last year for $94,000 by the same token it would have sold for $96,000 as per this year’s ratio. The list-to-sale ratio at Ramey Group is already as high as the new level for this year so we haven’t seen an increase because we are already achieving the higher sales price.

Prices Are On the Rise

With our market the way it is these days, we are seeing increased prices as a result of fewer homes available on the market. When you factor in the pent up buyer demand from prior to the election as well as buyers wanting to lock in phenomenally low record setting interest rates, then you start to see inflated prices. More demand, less supply usually indicates a seller’s market.

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As you come to negotiation table, regardless of whether you are a seller or a buyer, it is critical to have a strong negotiator at bat for you. We use the same methods for our buyers as we do for sellers, so that our clients receive the maximum benefit possible on their transaction.

If you would like to explore your options in the real estate market today, contact us today at 407-956-6164 or via email at mramey1@cfl.rr.com. We look forward to helping you!