Orlando real estate prices jumped by double digits again from April to May of 2014. In fact, the prices have been steadily rising since this time last year. Month to month, the real estate prices have grown 1.1 percent over the last year. Overall, real estate prices have risen 11.4 percent in Orlando over the last year.
The state of Florida ranks fifth in housing price growth, and the Orlando’s growth is almost three percent higher than the national average of 8.8 percent. This trend is projected to continue, but should level off eventually. The national average price is projected to grow six percent over the next year.
This rise can be both a good and a bad thing. While it does help those of you looking to sell by giving you the opportunity to make more, and has also allowed many sellers to move out of negative equity, it makes buyers more cautious as prices continue to rise. However, if projections are correct, then the prices will hopefully flatten out a little more and more growth can be achieved.
If you are buying or selling a home in the Orlando area, your local moving company can help you get settled into your new home. All My Sons will provide you with the quality service that you deserve, and we will get you to where you need to go on time and in no time.