A Buyer's Market in the Thornton Park Area -
Below is a chart showing all Active, Pending, and Sold residential real estate activity reported by the MLS in the past 30 days in Thornton Park and in close-by locales.
A "buyer's market" means there is a 6-month supply of Active listings, whereas a "seller's market" is indicated by a 3-months or fewer supply of homes available to buy.
If you have questions about buyer/seller/neutral markets, click HERE to send me a message, and I'll be happy to explain further -
An abundant number of Active listings are staying fairly close to their asking price, which shows that Thornton Park Sellers (that price well) will still garner good returns for properties (the average Sold price in 32801 is $380,000, including 'distressed properties,' which a price that is up 49% from sales at this time, last year).
HOWEVER, homes remain on the market a longer period of time (DOM = Days On Market), which can affect a Seller's expenses - and sanity - as the clock ticks on.
anywhere in Central Florida -
