W
elcome to the Winter edition of The Hillman
Report. We have uplifting news to share with
you about Greater Orlando's housing market.
In 2016, prices continued to rise and closings
were strong as Fannie Hillman + Associates saw
one of our best years in our 36-year history—closing more than $250
million in real estate sales.
While active listings for both single family residences and
condominium/townhome inventory were the lowest since 2012—the
start of recession recovery—during the Fall of 2016, prices showed a
continued increase year-over-year with the average days spent on the
market decreasing in both Orange and Seminole Counties.
Seminole County had strong appeal for buyers who were looking for
affordability. Coupled with a reputable school system, it allows families
an opportunity to have a little more land with a suburban lifestyle.
The 32789 zip code of Winter Park stood out amongst all neighborhoods.
Active listings for single family residences were steady as home prices
continued to slowly rise. The average days spent on the market
increased due to continued year-over-year price increases. Condominium/
townhome listings slightly increased as prices slightly dipped.
The following report will delve deeper into the specific numbers. In
2017, we anticipate seeing continued appreciation in home prices, but at
a slower pace than in past years. There is a demand for inventory and we
anticipate plenty of activity in both listings and closings.
If you're ready to put your residence on the market, please stop by our
office or schedule a meeting at your residence to further discuss the
opportunities. We'll look forward to supporting you with the latest
state-of-the-art technology to market your home.
The Hillman
Report By Scott Hillman
FannieHillman.com | 3 9
