Are you a homebuyer or home seller who is curious about the state of the Celebration housing market and how it will affect your real estate transaction? If so, your friends at Your Home Sold Guaranteed Realty - Laura Petersen Team are here to help!
Let’s start with why you should care about the housing market. The conditions of the Celebration housing market impacts every aspect of your purchase or sale. From the price to timeframe to terms and conditions, the market dictates how homes are sold or purchased. Knowing what type of market you are working with gives you reasonable expectations. It also gives you a framework for making an informed decision about whether to buy or sell now or in the future.
Below we explore the Celebration housing market and how it will affect your home sale or purchase in 2023.
What’s a Buyer’s Market Versus a Seller’s Market in the Celebration Housing Market?
There are two main types of housing markets: a buyer’s market and a seller’s market.
A buyer’s market is one that favors the homebuyer. There are a large number of homes for sale and demand is low. This means that the homes sell less quickly and for lower prices than in a seller’s market. A buyer’s market puts the homebuyer in an advantageous position to negotiate terms of the sale, including price.
A seller’s market, on the other hand, favors the home seller. A low amount of homes for sale and high demand mean that homes sell quickly and for higher prices than in a buyer’s market. It also means that the home seller has the upper hand in negotiating price and terms.
Is Celebration a Buyer’s Market or a Seller’s Market?
As 2022 came to a close, Celebration was a seller’s market. However, 2023 will experience a shift in the market to a neutral market.
What is a neutral market and what does it mean for you? If you picture a pendulum swinging between a seller’s market and a buyer’s market, a neutral market is when the pendulum is in between – the market favors both home sellers and homebuyers equally. This means that both have the opportunity to get a fantastic deal, especially if they work with an expert realtor who can negotiate on their behalf!
Buying or Selling a House in Celebration
Regardless of whether you are buying or selling a house, the expert realtor team at Your Home Sold Guaranteed Realty - Laura Petersen Team can ensure you get a great deal with favorable terms. Our knowledge of the Celebration housing market is matched only by our dedication to providing you with world-class services. Unlike other realtors, we provide a wealth of information and services to you absolutely free – from lists of the hottest properties to finding out the true value of your home, our free services give you the information you need. We don’t stop there – we are so confident in our ability to provide you with the best experience and greatest results that we offer several Buyer and Seller Guarantees.
Discover the difference working with us by calling (407) 566-2555 or completing the form below. Don’t wait for the market to change – get started today!