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LOOKING AHEAD

MATT’S MARKET CONNECTION

The Clermont/Central Florida real estate market is seasonal. In most years, two-thirds of our real estate transactions will be sold or under contract by June 30th. We’ll spend July through December working on half the number of transactions as we had in the first 6 months of the year.   

In 2024 I am expecting a slight deviation in the pattern with some added market forces: lower interest rates and a Presidential election. The Fed has hinted at 3 interest rate reductions for next year. Getting mortgage rates back down into the 6’s should motivate some buyers who have been holding out for rates to improve. This could cause our 2nd and 4th quarters to be more robust. 

And, the Presidential election typically creates a “wait and see what will happen” disposition among us. That makes for a less friendly environment for making major life decisions — like buying or selling a house. I’m expecting our market to be slower between Labor Day and Election Day but we should finish November and December strong with the lowest interest rates of the year.  

With all of this said, who knows what tomorrow holds? Things could change. If you are thinking of buying or selling a home, the energy is good in our market. New construction is booming (with interest rate incentives) and an already-lived-in home in top condition, priced correctly, can still expect to sell within 30 days.  

We’re here if/when you need us. Until then, here’s to the new year and being part of each other’s life,

December’s Numbers for Clermont 34711

The last 6 months of 2023 had 579 sales for a median sold price of $459k.

Lydia’s Corner

How can you make your home more attractive to potential buyers? First, create a welcoming entrance. The entrance is the gateway to your home. Stand at your entrance and take a good look at what your buyers will be seeing. Will they see cobwebs, dirt dobber nests on the walls, or a dirty door mat? Make the appropriate changes and be diligent in keeping the outside clean & tidy while your home is on the market! You don’t get a second chance to make a first impression! 

Check out Our Listings to view all of our team’s homes for sale.

405 W Avenue, Mount Dora, Florida 32757

This jewel nestled in the historic district presents possibilities! This 3 bed/2 bath home comes with mature landscaping, a convenient carport, an indoor laundry area, a cozy wood-burning stove, newer HVAC (2019), ceiling fans in every room, and a practical storage shed in the backyard.

3 beds/2 baths  

1,364 SQFT  

$305,000

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