Summer House Market Snapshot - Central Florida 2016

The summer numbers for the greater Orlando area are in. And at first glance they appear to be "stable" or even slightly contracting from last year.  BUT- not so fast.  Remember- these figures are only on RESALE homes and not new construction.

Let's talk about that. 

New construction in central Florida has now surpassed the 2006 boom with over 300 new communities currently under construction in Orlando alone.  So does that have an impact on re-sale homes selling? You betcha it does!  It also can affect the depreciation or appreciation- depending on how much new construction is going on in a particular area.  So don't be "swayed" by the numbers, until you know the 'full' story.