Orlando Housing Numbers

Orlando housing numbers- There’s always a buyer and a seller

The Orlando housing market is beginning to experience a decrease in qualified buyers because of the interest rate increases in the past few months. The Orlando Regional Realtor Association states that the overall sales dropped from 3,324 properties in August to 2,717 in September. This drop in sales was somewhat expected since the interest rates increased from 5.3% in August to 7.123% in October.

I strongly believe that although the increases in rates reduce the number of qualified buyers, people’s needs and wants do not change because of the interest rates.
Buyers will always have the desire, drive and determination to live in their own place in the same way that sellers will always have the need to sell for whatever reasons.

Don’t let anybody discourage you from buying or selling because the interest rates are not what they were a couple of months ago, regardless of the market conditions there will always be a way.