Hi there, and welcome to our latest market update for the vibrant community of Kissimmee!
If you're new here, we're thrilled to have you. This blog is your go-to resource for staying informed about the Kissimmee real estate market, helping you make the best decisions on your real estate journey.
To our returning members, welcome back! It’s always a pleasure to have you tune in and keep up with what’s happening in our beloved area.
Now, let’s dive into some exciting updates that could impact your buying or selling decisions.
Key Updates You Need to Know
Federal Reserve’s Potential Rate Cuts:
The Fed has hinted at potential interest rate cuts soon, with the next meeting scheduled for September 18th. Whether you’re buying or selling, now is the time to take action. If you’re in the market to buy a home, start your pre-approval process this week so you’re ready to move when the time comes. Sellers, if you haven’t had much activity on your property, consider adjusting your price before September 18th to align with market trends and increase your chances of closing a deal next month.
Kissimmee 30-Day Market Overview
We’ve seen an uptick in inventory, with more homes available now than at any point this year. While homes are still moving, the market is showing a slight favor towards buyers as we transition out of the summer season. If the Fed lowers interest rates, we might see a surge in buyer activity, so stay tuned!
Kissimmee Market Trends & Insights
Currently, more homes are returning to the market, and price reductions are becoming more common. The average days on market have increased from 35 to 47 days. This is typical for this time of year, especially with a balanced market where both buyers and sellers need to negotiate. We’re currently sitting at 5.02 months of supply, indicating a stable market.
Homeowner/Seller Insights
If you’re looking to sell, positioning and negotiation are key. Homes are selling at about 98% of the list price, but this can vary. Offering incentives to buyers, especially as they navigate higher buying costs, can make your property more attractive. Keep in mind that your home may take a little longer to sell—around 47 days on average—but I’m here to help you strategize and find the best approach for your specific situation.
Buyer Insights
For buyers, this is an optimistic time. Interest rate cuts reductions may be on the horizon, especially being an election year. Down payment assistance programs are available in Osceola County, and with the right team, you can make homeownership a reality. Sellers are often willing to provide assistance, depending on how long their property has been on the market, so don’t hesitate to explore your options.
FAQs: What You Need to Know
- Is it a good time to sell in Kissimmee?
Yes, but be realistic about pricing. Home appreciation has slowed, so setting a competitive price is crucial.
- Is it a buyer’s or seller’s market?
We’re in a balanced market, meaning both parties need to negotiate for the best deal.
- Are home prices rising or falling?
Prices are stable overall, but some areas are seeing reductions due to cooling demand.
- How does the absorption rate affect selling?
With a 12.10% absorption rate, homes may take a bit longer to sell, but with the right pricing, you can still close a deal.
- Will I need to offer above asking price?
Not in today’s market—buyers are paying fair market value.
- What are the most common contingencies or terms sellers are accepting right now?
Sellers are increasingly accepting offers with contingencies, such as buyers needing to sell another property first. Many sellers are also offering cash incentives or longer inspection periods to attract buyers. 
Conclusion: Stay Informed, Stay Ahead
The real estate market is shifting, and being informed is more important than ever. With a balanced market, having a knowledgeable professional by your side is essential. While we can’t predict the future, staying updated on the latest trends will help you make the best decisions for you and your family.
P.S. I provide in-depth market analysis for all surrounding areas. If you’re thinking of selling or buying, reach out for a personalized report or a free consultation. Let’s make your real estate journey a success!
Feel free to reach out with any questions, and let’s make this season in Kissimmee one of growth and opportunity for you!
