Up 13%, up 16% and down 39%. If you read my blog regularly, you already know what these are, because we have been in this trend for quite some time. The first number represents the increase in home sales last month compared to a year ago. Sales were up 13% with 3,999 closed transactions compare with 3,539 in August of 2020.  The second number represents the increase in the median sales price for Orlando real estate which was $320,000 last month. The third number represents the decline in inventory available for sale which stands at 3,638, a 39% decrease from a year ago, but a 3% increase compared with July.Check out this brief video breaking down the #OrlandoRealEstate market results for August 2021. 09/20/2021

Just how challenging has the Orlando real estate market been for buyers this year? I took a look at the percentage of closed sales, in Orange and Seminole Counties for the last six months that closed above asking price. I looked at the numbers for this year compared with 2019. I went back two years for obvious reasons, given the special circumstances and challenges of 2020. Below is a table that illustrates just how much more challenging our market has been for buyers this year.  Month 2019 2021 March 8.5% 19.8% April 9.8% 27.3% May 10.2% 30.8% June 10.7% 38.2% July 9.8% 38.0% August 9.7% 36.5% You can see that in a 'normal' market nearly 10% our sales in Orlando close above the asking price. In our super heated market of 2021 that percentage has more than tripled. We have seen inventor... 09/08/2021

No major changes last month. Sales and prices continue to climb double digits, while inventory continues to run low. Total sales in July rose 14% compared to a year ago with 4,183 homes of all types closing last month. The median price of the homes sold in July rose 18% compared to July 2020 with a median sales price of $320,000. While inventory was still 43% lower than a year ago, we did see a rise of 14% compared to June. As of the end of July there were 3,524 homes available for sale representing about a 26 day supply of homes on the market. Check out this brief video breakdown of the #OrlandoRealEstate market results for July 2021. 08/17/2021

The #OrlandoRealEstate market continues to burn red hot as the summer selling season got under way last month. Sales and prices soared double digits, while the inventory of homes available for sale remains extremely low. June saw a 42% increase in the number of homes sold, compared to last year. The 4,414 closed sales last month is the highest number so far this year. The median price last month jumped 19% compared to a year ago, skyrocketing from $265,000 a year ago to $315,000. The inventory of homes available for sale did increase about 10% compared to May, but was still 53% lower than a year ago. There were only 3,098 homes active on the market for sale, which represents only about a three week supply of inventory. Check out this video breakdown of the market. 07/20/2021

So you get a title report in and find an IRS Notice of Federal Tax Lien (NFTL) in public records that encumbers the seller’s assets. In a state of panic you realize that this $1.3 million dollar closing next month is in serious jeopardy. You need help to fix this IRS problem like yesterday.Unfortunately, settlement agents and closing attorneys will see more of this in the near future not less. It’s critical to be proactive now and form relationships with specialized tax resolution experts. A target has been placed on the assets of high-income taxpayers by the IRS and they intend to collect by any means necessary. Why now? Part of it relates to COVID-19 and how it slowed IRS enforcement activity because offices closed. A larger factor, however, is a report issued May 29, 2020, by the Tre... 07/18/2021

Orlando Military Real Estate Veteran REALTOR Orlando FLMilitary Real Estate Veteran Specialist & Relocation REALTOR FloridaWe are Orlando, Florida State's Preferred Military Veteran Realtor Specialist. Servicing our Veterans and Active-Duty Military. Enquire today, and let us guide you through the process of buying or selling your next home. We have the largest team of Verified Veterans ready to serve you.Please visit our link to have a Veteran agent contact you.https://olympusexecutiverealty.com/military-veteran-realtorsWhy Use A Military Veteran Realtor Specialist?Military Veteran Realtors know how to stay organized. They understand teamwork, are extremely resilient and are optimistic. Olympus Orlando Veteran Agents are leaders in our industry, and most important, service to others is... 06/25/2021

Take the sales increase with a grain of salt. Remember last year, May sales were way off due to COVID-19. That being said, sales did climb 82% compared with a year ago, and the median price soared 15% compared with May 2020. Over that same time, the inventory of homes of all types available for sale has plummeted 61%. Sales last month outpaced the inventory, meaning we have less than a one month supply of homes available for sale in Orlando. That may be starting to turn around though, because the 2,822 homes for sale represented a 6% increase in supply compare with the month before. Also, the median price has remained steady for the last few months at $300,000. #OrlandoRealEstate #Remax #Realtor  06/16/2021

Hiring a buyer agent to help you buy a property is not necessarily required. However, working with an Orlando FL luxury buyers agent will essentially help you find the right property that meets your standards. If you are buying a property for the first time and have no prior knowledge, your best option is to look for an experienced buyer agent who knows your market.What does a buyer agent do?Orlando luxury buyers agent represent the buyer and handle the transactions between their sellers. Their main priority is to meet the buyers' needs and find the right property for them. Essentially, buyer agents are hired to do the heavy lifting work when buying real estate, from researching local real estate markets to negotiating with sellers. Buying a property without a buyer agentIt's understand... 06/06/2021

Veteran’s Home Loans for Winter Park FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you... 06/04/2021

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Homes are now routinely selling above the asking price, and many times sellers are requesting that appraisal contingencies be waved. Five of my last nine sales have been at list to as much as $25,000 over the asking price. When you watch this video breaking down the #OrlandoRealEstate market for March you will see why. Sales are soaring, and inventory is in a freefall pushing prices up double digits compared to a year ago.  05/19/2021

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