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Florida – Where Americans Really Want to Live

August 29th, 2024 by tisner


Americans value sunshine, safety and affordability, a new study shows. Of course, Florida tops the list of most desirable states to live.

NEW YORK – Many Americans seem to have contradictory and confused feelings about the places they call home.

Although 73% of Americans say they like where they live, 59% of Americans still get frustrated with their home city or state and 43% are embarrassed by their state, according to a new study from Clever Real Estate.

Out of the 1,000 Americans asked about where they do and don’t want to live, nearly six in 10 live where they’ve always lived. However, approximately 84% of respondents said they could be convinced to move to another city or state.

Many Americans want to pursue a better life elsewhere, but 50% say they can’t afford to move to a more desirable location.

Safety, sunshine and affordability

Where do Americans dream of moving? The answers were pretty simple. When asked what makes a place desirable, 68% of Americans cite low crime, 66% say affordable living and housing costs, 62% desire good weather, and 52% want low taxes.

Those preferences were also consistent in reverse. When asked what makes places undesirable, 73% don’t want high crime, 65% complain about high cost of living, 62% say high taxes, and 54% cite bad weather and pollution.

Tampa is the most desirable city

With Americans wanting to live somewhere affordable, sunny, and safe, it’s not surprising that Tampa, Florida, was ranked the most desirable city in America.

Tampa has year-round warm weather, no state taxes, a low crime rate, and greater affordability than other Florida cities. Its median home value of $361,177 is cheaper than hot spots Orlando and Miami, where median home costs are $379,039 and $441,339, respectively.

Locals say quality of life appeals to potential residents, too.

“From the rich diversity and incredible restaurants to our beautiful waterfront with boating attractions just steps outside our door, there’s something for everyone,” says Kirstin Albert of the Tampa Convention Center. “It is such a friendly and welcoming community. Not to mention our year-round summer weather.”

Charlotte, North Carolina, came in second, followed by Virginia Beach, Virginia, Nashville, Tennessee, and Orlando, Florida.

Americans chose Honolulu as their top midsize city, which may mean many respondents forgot or were unaware of the price of living in paradise.

Honolulu is one of the most expensive cities in the U.S. Basic goods and services cost much more than in other states. Real Estate Witch says the city’s median home value of $794,000 is more than twice the national average.

After Honolulu, the most desirable midsize cities are Colorado Springs, Colorado; Charleston, South Carolina; Cape Coral, Florida; and Palm Bay, Florida.

Florida is the most desirable state

The Sunshine State is home to one-quarter of the 10 most desirable large metros and the 10 most desirable midsize metros, so it’s no wonder it ranks highly among the most desirable states.

More than one-third of respondents ranked Florida among their top five states, placing it ahead of California at number two. The two states have some similarities, but Florida has the edge thanks to its low tax burden and lower cost of living. California also ranks as the worst state to live.

Texas, Hawaii, and New York round out the top five.

Although California, Texas, and New York are considered desirable, no individual cities in these states topped the list. On the contrary, Americans consider some of New York and California’s largest cities the least desirable places to live.

Where Americans don’t want to live

One-third of respondents ranked the District of Columbia as one of the five worst cities to live in the U.S. New York City was a close second, followed by San Francisco, Chicago, and Detroit.

Los Angeles came in as the sixth-least desirable city, meaning California, the second-most desirable state, has two of the six least desirable cities.

Because Americans want to live in safe areas, the three least desirable cities – Washington D.C., New York City, and San Francisco – have higher-than-average crime rates. They’re also among the most expensive cities in America, with home values far exceeding the national average.

High living costs also impacted the list of least desirable states. California, where everything is more expensive, from gasoline to real estate commission, ranked last, followed by New York, Alaska, Alabama, and Texas.

Southern states make up half of the 10 least desirable list despite respondents saying that the friendliest people tend to live there. Americans named Hawaii the nicest state, followed by Tennessee, Texas, South Carolina, and Florida.

The kindest cities also had a distinctly Southern flavor: Nashville ranked first, followed by Charlotte, Virginia Beach, Atlanta, and Austin.

On the other end of the spectrum, respondents ranked New York the rudest city and state, the city and state with the most annoying residents, the state with the second-most crazy residents, the second-most pretentious state, and the second-ugliest city.

However, New York edged out New Orleans as the city with the best food. New Yorkers may be rude, pretentious, and annoying, but at least they eat well.

By Franklin Schneider
© Copyright 2024, The Courier-Times, all rights reserved.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Orlando State of the Market July 2024

August 16th, 2024 by tisner

New Orlando Regional REALTOR® Association data shows market continues to stabilize for homebuyers as inventory increases for seventh month in a row.

State of the Market

  • July’s interest rate was recorded at 6.6%, down from 6.7% in June.
    • In ORRA’s new survey of Orlando REALTORS, 52% of respondents cited interest rates as the top challenge for buyers, causing some buyers to wait out purchasing homes right now or look at lower price points.
  • The median home price for July was recorded at $390,000, down from $395,000 in June. June was the highest monthly median home price on record in the Orlando area.
    • Home prices were cited as the second biggest issue facing buyers in ORRA’s new survey.
  • Inventory for July was recorded at 11,158, up 3.4% from June when inventory was recorded at 10,796. This is the seventh month in a row inventory has risen. The last time inventory was this high was November 2015.
    • Inventory in July 2024 was 95.1% higher than in July 2023.
  • Overall sales rose 2.0% from June to July. There were 2,652 sales in July, up from 2,601 sales in June.
  • Pending sales rose by 1.5%, with 3,940 in June and 3,999 in July.
  • New listings fell 1.8% from June to July, with 4,067 new homes on the market in July, compared to 4,143 in June.
  • Homes spent an average of 55 days on the market (DOM) in July – up from 54 in June. This is 41.0% higher than July 2023 when homes spent an average of 39 days on the market.
    • 72% of survey respondents reported that most homes are moving from sale to pending in 21+ days, up significantly from last year.
  • “July represented another strong month in the housing market as many families worked to squeeze in their moves before the start of the new school year. We continued to see an increase in inventory and sales as the Orlando housing market continues to stabilize,” said Rose Kemp, Orlando Regional REALTOR® Association President. “Interest rates are still holding steady in the mid-upper 6.0% range. The current market conditions offer more options for buyers along with new potential negotiating opportunities. Realtors are key to the success of a buyer and seller transaction.”


Market Snapshot

  • Interest rates fell from 6.7% in June to 6.6% in July.
  • Pending sales rose 1.5%, with 3,940 in June and 3,999 in July.
  • 25 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in July. This is the same number of distressed homes that sold in June.

Inventory

  • Orlando area inventory rose 3.4% from June to July. Inventory in June was 10,796, and inventory in July was 11,158.
  • The supply of homes rose to 4.21 months in July, up 1.4% from 4.15 months in June. A balanced market is six months of supply.
  • The number of new listings decreased from June to July by 1.8% – from 4,143 homes to 4,067 homes.

You can find ORRA’s full State of the Market Report for May here.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Protecting Your Credit!

July 30th, 2024 by tisner


There are several measures everyone can take to protect their credit.

  • Sign up for the free credit monitoring Equifax offers, but don’t let that make you unaware of your credit reports. Check them as often as possible, and dispute errors.
  • Setting up a fraud alert with Equifax, as well as TransUnion and Experian, is another important step.
  • If you feel compelled, freeze credit reports at all three agencies. A fee is involved, and varies by state. Find more information here: http://consumersunion.org/research/consumers-unions-guide-to-security-freeze-protection-2/
  • Married couples need to make sure both spouses have taken steps to protect their information.
  • If you have family members that haven’t checked their reports, especially the elderly, offer to help them.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Orlando State of the Market June 2024

July 17th, 2024 by tisner

New Orlando Regional REALTOR® Association data shows record median home price for second time this year.

State of the Market

  • The median home price for June was recorded at $395,000, up from $385,000 in May. This is the highest monthly median home price on record in the Orlando area. This is the second time in 2024 the record has been broken.
  • Inventory for June was recorded at 10,796, up 5.0% from May when inventory was recorded at 10,282. This is the sixth month in a row inventory has risen. The last time inventory was this high was November 2015.
  • Overall sales fell 10.6% from May to June. There were 2,601 sales in June, down from 2,909 sales in May. This breaks a four-month streak of rising sales.
  • June’s interest rate was recorded at 6.7%, up from 6.6% in May.
  • Pending sales fell by 8.3%, with 4,298 in May and 3,940 in June.
  • New listings fell 8.4% from May to June, with 4,143 new homes on the market in June, compared to 4,521 in May.
  • Homes spent an average of 54 days on the market (DOM) in June – the same as in May and April.
  • “Demand in the Orlando market is holding strong this summer, as evidenced by yet another record-breaking median home price in June,” said Rose Kemp, Orlando Regional REALTOR® Association President. “The good news for buyers is that we are continuing to see inventory rise. More inventory gives buyers more options and more power to negotiate with the seller in the home-buying process.”

Market Snapshot

  • Interest rates rose from 6.6% in May to 6.7% in June.
  • Pending sales fell 8.3%, with 4,298 in May and 3,940 in June.
  • 25 distressed homes (bank-owned properties and short sales) accounted for 1.0% of all home sales in June. That represents a 47.1% increase from May when 17 distressed homes sold.

Inventory

  • Orlando area inventory increased 5.0% from May to June. Inventory in May was 10,282, and inventory in June was 10,796.
  • The supply of homes rose to 4.15 months in June, up 17.4% from 3.53 months in May. A balanced market is six months of supply.
  • The number of new listings decreased from May to June by 8.4% – from 4,521 homes to 4,143 homes.

You can find ORRA’s full State of the Market Report for May here.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Orlando State of the Market May 2024

June 18th, 2024 by tisner

New Orlando Regional REALTOR® Association data shows inventory surpasses 10,000 homes for first time since 2016.

State of the Market

  • Inventory for May was recorded at 10,282, up 9.7% from April when inventory was recorded at 9,376. This is the fifth month in a row inventory has risen. The last time inventory was this high was September 2016.
    • Inventory was 99.7% higher than May 2023.
  • Overall sales rose 5.4% from April to May. There were 2,909 sales in May, up from 2,759 sales in April. This is the fourth month in a row that sales have risen.
  • The median home price for May was recorded at $385,000, down from $388,500 in April. April was the highest monthly median home price on record in the Orlando area.
  • May’s interest rate was recorded at 6.6%, down from 6.9% in April.
  • Pending sales fell by 1.8%, with 4,379 in April and 4,298 in May.
  • New listings rose 6.9% from April to May, with 4,521 new homes on the market in May, compared to 4,230 in April.
  • Homes spent an average of 54 days on the market (DOM) in May – the same as in April.
  • “Although May’s inventory did show a slight increase, it’s important to remember that our market is still very active. While there may be a few more options available compared to recent months, the high sales volume means homes are still moving quickly,” said Rose Kemp, Orlando Regional REALTOR® Association President. “With inventory levels remaining below the six months of supply that is considered a balanced market, buyers should be prepared to act fast if they find a home that meets their needs. The past four months have seen consistent sales growth, and I expect that trend to continue into the summer, making inventory a key factor for buyers.”

Market Snapshot

  • Interest rates fell from 6.9% in April to 6.6% in May.
  • Pending sales fell 1.8%, with 4,379 in April and 4,298 in May.
  • 17 distressed homes (bank-owned properties and short sales) accounted for 0.6% of all home sales in May. That represents a 34.6% decrease from April when 26 distressed homes sold.

Inventory

  • Orlando area inventory increased 9.7% from April to May. Inventory in April was 9,376, and inventory in May was 10,282.
  • The supply of homes rose to 3.53 months in May, up 4.0% from 3.40 months in April. A balanced market is six months of supply.
  • The number of new listings increased from April to May by 6.9% – from 4,230 homes to 4,521 homes.

You can find ORRA’s full State of the Market Report for May here.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Packing Tips!

June 11th, 2024 by tisner


Buying a new home is exciting, but after the euphoria wears off, it’s time to start thinking about how to pack up and move everything. Unless you have the luxury of hiring a moving company, getting all of your things loaded carefully and transported from one place to another is a major DIY project. Here are some tips to take some of the anxiety out of packing.

  • Start deep cleaning and cleaning out as soon as possible. Cleaning your things as you pack them will make it easier when your bone-tired from loading and unloading.
  • Have a throwing out party. Calling it a party will get the kids involved and make it sound like a good time, right?
  • Have a garage sale for items that may not fit in your new home or you have out grown.
  • Call donation centers to pick up items you are not taking with you or donate them yourself.
  • Time to box it up. Start gathering sturdy boxes or reusable storage boxes, and lots of newspaper and/or bubble wrap.
  • Keep everything safe. For your kitchen items, ball up several sheets of newspaper and cover the bottom or the box. This provides a cushion for your breakables.
  • Wrap it up. Use blankets, sheets and towels to keep framed photos and artwork safe.
  • Clothes are best left in their dresser drawer–just remove the drawer when you’re moving the main part of the furniture, then replace them when it gets to the truck or trailer, and new room.
  • Hanging clothes can be placed in a flat sheet. Lay the clothes, with their hangers, onto the sheet. Tie up each corner diagonally to create a big hobo pouch, and the knots can be a handle. Unless you’re lucky enough to have tons of luggage, it’s an easier way to transport those clothes than trying to hold all those hangers on your hand. Not to mention less painful.
  • Luggage can be used to pack up items you consider priceless. Just pack them in the same manner as you would have in a box or container, and that way you can keep a better eye on them or move them yourself.
  • Bare necessities. Make sure each person packs their own bag of clothes and any necessities they will need for a few days. The first week in a new home can be a bit confusing, and if everyone has what they need close by, this will make things easier.
  • The big stuff. Furniture is straightforward. If you want extra protection, use an industrial roll of plastic wrap, or for tables and chairs, use a large blanket or some towels on the seats or tabletop to protect the finish. Glass table tops and mirrors need to have some crisscrossed masking tape on them to help protect them from shattering–think hurricane-style. Use hair ties to keep cabinet doors closed on hutches or entertainment center doors.
  • Get yourself together. After everything is boxed up, taped up, labeled and ready to go, leave the boxes in the rooms they belong in. Remove things from the truck by room, and make sure the containers get to the rooms they’re labeled for.

Preparing to relocate can be daunting, but if you use some common sense and think practically, you can cut down on the stress of moving. Organization is the key!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Orlando State of the Market April 2024

May 24th, 2024 by tisner

New Orlando Regional REALTOR® Association data shows record-high median home price in Central Florida.


State of the Market

  • The median home price for April was recorded at $388,500, up from $386,500 in March. This is the highest monthly median home price on record in the Orlando area.
  • Overall sales rose 7.8% from March to April. There were 2,759 sales in April, up from 2,559 sales in March. This is the third month in a row that sales have risen.
  • April’s interest rate was recorded at 6.9%, up slightly from 6.7% in March. This is the third month in a row that interest rates have risen.
  • Inventory for April was recorded at 9,376, up 4.5% from March when inventory was recorded at 8,971. This is the fourth month in a row inventory has risen.
  • Pending sales increased by 2.9%, with 4,257 in March and 4,379 in April.
  • New listings rose 2.6% from March to April, with 4,230 new homes on the market in April, compared to 4,124 in March.
  • Homes spent an average of 54 days on the market (DOM) in April – down from 58 in March.
  • “April’s median home price was recorded at $388,500,” said Rose Kemp, Orlando Regional REALTOR® Association President. ” We saw an increase in homes for sale, providing a wider selection for potential buyers. Despite the supply remaining slightly over three months, homes are selling quickly, indicating a strong demand. This demand is a positive indicator of market stability and is expected to continue through the next few months as families look to relocate during the summer season.”

Market Snapshot

  • Interest rates rose from 6.7% in March to 6.9% in April.
  • Pending sales rose 2.9%, with 4,257 in March and 4,379 in April.
  • 26 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in April. That represents a 13.0% increase from March when 23 distressed homes sold.

Inventory

  • Orlando area inventory increased 4.5% from March to April. Inventory in March was 8,971, and inventory in April was 9,376.
  • The supply of homes fell to 3.40 months in April, down 3.1% from 3.51 months in March. A balanced market is six months of supply.
  • The number of new listings increased from March to April by 2.6% – from 4,124 homes to 4,230 homes.

ORRA’s full State of the Market Report for April can be found here.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Orlando State of the Market March 2024

April 24th, 2024 by tisner

New Orlando Regional REALTOR® Association data shows spike in listings kicking off the new year

State of the Market

  • Overall sales rose 17.7% from February to March. There were 2,559 sales in March, up from 2,174 sales in February.
  • The median home price for March was recorded at $386,500, up from $377,000 in February. The highest monthly median home price on record in the Orlando area was $387,000 in June 2022.
  • Pending sales increased by 9.4%, with 3,891 in February and 4,257 in March.
  • New listings rose 8.6% from February to March, with 4,124 new homes on the market in March, compared to 3,799 in February.
  • Inventory for March was recorded at 8,971, up 4.4% from February when inventory was recorded at 8,589.
  • March’s interest rate was recorded at 6.7%, up slightly from 6.6% in February.
  • Homes spent an average of 58 days on the market (DOM) in March – up slightly from February.
  • “The busy spring season for the real estate market is in full swing,” said Rose Kemp, Orlando Regional REALTOR® Association President. “We’ve seen a steady increase in sales, median home price and inventory every month this year. Our median home price in March was very close to our peak from June 2022, so it will be interesting to see how these high prices affect the market in the coming months.”

Market Snapshot

  • Interest rates rose from 6.6% in February to 6.7% in March.
  • Pending sales rose 9.4%, with 3,891 in February and 4,257 in March.
  • 23 distressed homes (bank-owned properties and short sales) accounted for 0.9% of all home sales in March. That represents an 8.0% decrease from February when 25 distressed homes sold.

Inventory

  • Orlando area inventory increased 4.4% from February to March. Inventory in February was 8,589, and inventory in March was 8,971.
  • The supply of homes fell to 3.51 months in March, down 11.3% from 3.95 months in February. A balanced market is six months of supply.
  • The number of new listings increased from February to March by 8.6% – from 3,799 homes to 4,124 homes.

ORRA’s full State of the Market Report for March can be found here.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the Stellar Multiple Listing Service. Neither the association nor StellarMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or by StellarMLS does not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales represent sales involving Orlando Regional REALTOR® Association members, who are primarily – but not exclusively – located in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Do Schools Matter when Buying a Home?

April 9th, 2024 by tisner

When buying a home various factors come to mind immediately-location, price range, home style, home condition, wish list for the interior and exterior, number of bedrooms and bathrooms desired; just to name a few. One component which can be overlooked by some but is extremely essential to many would be the local school system in the neighborhood. I highly value my communities’ school system.

Studies have found that home buyers would give up one aspect of their home to have their children attend a ‘better’ school district; this speaks volumes to how important education is for parents’. For some parents there are alternatives such as private schools but that is not the case for many. Even if buyers don’t have or plan to have school-age children in the house, the quality of nearby schools can have an impact on how much you pay, and how much a home sells for down the line.

In the past year Orange county public schools  has succeeded in the improvement to maintain outstanding schools for all of our children. Through strategic planning and organizational development our schools continue to advance! Good local schools are amongst us in high numbers and will provide our children with the learning and education they should receive but with the type we wish for them to obtain as well.

For additional information on our school systems please visit Florida Department of Education.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Smart Tax Refund Home Improvements

April 2nd, 2024 by tisner


Credit Karma
conducted a recent survey and discovered that 33% of those asked are expecting a refund of $1,001 or more this year, and 16% responded that they expect $2,501 or more. Now, we cannot get into the financial sense of tax refunds, but if you are one of those expecting a refund and planning to use it for some home-work, here are a few suggestions on how best to spend that money! 

$1,000 or Less 

  • Replacing the front door is an expensive job, but it can create a whole new look for the front exterior of your home. 
  • Improve an existing front walkway or add one.  Whether the home is going on the market soon or not, a new walkway will improve the curb appeal.  
  • Make the kitchen look like it has undergone an expensive update: paint the cabinets, replace the hardware, and add a tile backsplash. 
  • Install new light fixtures in the home. Shop smart, and every room in the house can get stylish new flush-mount fixtures. 
  • DIY a minor bathroom renovation:  replace the toilet, faucets, and lights, and give the tub/shower a makeover with a refinishing kit. 
  • Upgrade one appliance kitchen appliance.  

$1,000-$2,000 

  • Making repairs that have been put off because of the expense should be done before any improvements are made. Protecting your investment is more important than new bathroom tile. 
  • Bump your front lawn landscaping up a notch and hire a landscape designer to create a custom design for your yard.  
  • Have those “popcorn” ceilings removed by a pro, and add new crown molding.  
  • Tankless water heaters, whether whole-house or single-point, are worth the investment, as there will be an immediate difference in power usage. 
  • Take on a DIY job and save money: paint the home’s exterior, install new flooring, add wainscotting, or install kitchen countertops. 

A tax refund can feel like a small lottery win, and using it for a visible home improvement job is very satisfying. However, using those funds to pay down any accumulated debt or as an investment will pay back in the long run. Check out these ideas from Investopedia, and take off some of that financial load! 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
1170 Celebration Blvd
Suite 200
Celebration, Fl 34747

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