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Demand Is Outpacing Supply for New Homes in Central Florida
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Demand Is Outpacing Supply for New Homes in Central Florida
Over the past year, the Orlando metro area has been the 10th most active market for new-construction home sales in the entire country, according to a recently released report from CoreLogic. The report adds that 15 percent of the area’s total home sales are newly built homes. While the increase in development in Central Florida means more options for home buyers, there are a number of downsides to the current state of the market. In addition to rising prices, it’s easier than ever to miss great opportunities, and competition for new-construction homes in desirable communities is fiercer than ever.
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