The market is prime for buyers of real estate in the Orlando market including the city of Lake Mary which was voted by Money Magazine the 4th best place to live in the USA. With the current declining home prices, the vast selection of inventory, low mortgage rates, it is truly a buyers market for individuals seeking to purchase a home in this current market.
You may be thinking to yourself, why should I buy in a declining market? Well, you may be waiting until the market turns however when that does happen you along with a countless number of buyers which have been on the sidelines waiting will jump in, subsequently creating a rampant buying frenzy which drives prices upward. So do really think you should wait it out until property values begin to rise? I think not. ¼/p>
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The source of the listing data is as follows:
My Florida Regional MLS (updated 5/22/18)