Orlando Housing Market Update for August 2021

Orlando Housing Market Update for August 2021

Orlando’s strong housing market is nothing new. Since 2012, typical Orlando home values have appreciated by nearly 136% (Zillow). If that’s not enough to knock your socks off, home values have increased by 10.2% in the last year alone. These numbers speak directly to the incredibly desirable area that Orlando and the surrounding areas have become. 

 

To throw a few more jaw-dropping numbers your way, closed sales in Orlando have shot up by 82% since 2020, and the median home price has increased by 15%. While there is some softening of the market, Orlando remains one of the strongest housing markets in the nation. 

 

People want to live here, they are moving here in droves, and they are looking for their dream homes. 

 

What a Hot Market Means for Dream Finders Homes and You

 

In the last year and a half, some builders made the hard decision to cut back on building because of material scarcity and skyrocketing prices. In May of 2021, lumber was six times more expensive than it was a year before, plus many manufacturing facilities for other building products had temporarily closed over health concerns. While home sales slowed for a short time at the onset of the pandemic, the demand for homes in Orlando increased exponentially in the period after, and continues today.

 

best new home communities in orlando

 

Wanting to continue serving our customers by providing enough housing options, Dream Finders Homes sought more building opportunities and was able to acquire land in over 10 new communities and markets throughout Orlando. Construction has begun in many of them, with brand new single family homes and townhomes coming available now.

 

Our New Home Communities in Orlando

 

Bella Collina | Montverde, FL

3-5 bedroom homes from $525,990

 

Cypress Park Estates | Haines City, FL

3-4 bedroom homes from $278,990

 

Deer Island | Tavares, FL

3-5 bedroom homes from $291,990 

 

Hammock Reserve | Haines City, FL

3-4 bedroom homes from $299,900

 

Hartwood Landing | Clermont, FL

3-6 bedroom homes from $362,990

 

Lakeside at Hamlin | Winter Garden, FL

3-6 bedroom homes from $439,490

 

Lakewood Park | DeLand, FL

3-4 bedroom homes from $288,990

 

Rivington | Debary, FL

3-4 bedroom homes from $367,990

 

Seminole Crossing | Winter Springs, FL

3 bedroom townhomes from $350,990

 

Summerdale Park at Lake Nona | Orlando, FL

4-5 bedroom homes from $476,990

 

Talichet | Howey-In-The-Hills, FL

4-7 bedroom homes from $369,490

 

At Dream Finders Homes, we are really proud of how events of the last year and a half have led us to innovate and prioritize in order to build so many more beautiful new homes in Orlando for our customers. We were, however, impacted along with the rest of the industry by the skyrocketing cost of lumber and other materials. The result has been a subtle price increase across the board but one that is in line with the cost to build a new home today.  We will continue to monitor housing trends and costs to ensure we are providing the best price possible to our customers. 

 

Orlando is a red-hot market, and though the pace of sales may slow in the second half of the year, people will continue moving here, and there will continue to be a strong demand for housing, particularly new construction. High demand and low supply will continue to drive home prices higher, making NOW a great time to buy. Interest rates continue to be near record lows, adding to the incentive to lock in a great rate while you can.

 

With its beautiful year-round weather, strong job market and economy, tons of amenities and attractions, the demand for Orlando, and its housing, will only increase for the foreseeable future. 

For more information on buying a new home in the Orlando suburbs, contact our Online New Home Sales Consultants at 888-416-6328 or schedule an appointment today.