So, how's the market? Is it crashing? You probably have been hearing all kinds of crazy things, a lot of sometimes misinformation, sometimes overly hyped, negative information. >> Today, we want to talk about the market. >> And let's get real, can we? >> Let's get real. Because if we've heard once, we've heard a hundred times. We're waiting for the market. >> Since 2022, when the Fed first raised the interest rates, we have been hearing people say they're waiting for the bottom. Right? That sounds scary, but we want to show you today that in our greater Orlando area, we have really been holding mostly steady, if anything, year-over-year, just a little bit down. So, let's jump to the screen and take a quick look. This is kind of the the general area in uh the Orlando area here in Winter Garden. Let's just look at Zillow's housing market. And we have an average sale price of 570,000. It's telling us that it's down 4% over the past year. Yes, it is down. If we take a look at this chart, you could see in most of these towns when we take a look at this, >> you're going to see this, right? >> Between 2020 and 2022, >> it goes up quite a bit. So, it goes up in Winter Garden from an average of 365 in November of 2019 >> to 577. in August of 22 and between August of 22 when the market started to fade a little bit right let's say September of 22 576 and today in September 22 or August of 2025 we're at 570 >> right >> 3 years and the average price has gone down $6,000 >> right so >> and in that time it even went up for a little bit it went up to 596 so it's just been riding the cycle like most of the economy >> and and part of the reason we wanted to talk about this is because my biggest regret is that we didn't move soon enough. Like my only regret was that it took so long. And so when people are saying to us that they're waiting for they're waiting for the crash, they're waiting for >> Isn't the market falling apart? Isn't Florida going to crash? >> Yeah. And it makes me fear that they're going to be waiting so long for this market to crash that might not come. >> It might not happen. >> We're going to end up with the same >> and it's and we're staying. It's really been plateaued. And we'll show you here Claremont. Here we are in Claremont. >> 428,000 average price. It's down 3.7 over the past year. Uh 3.7 is not a lot. >> Right. >> No. >> And so here we're looking um if you look at our chart, look at that spike once again. Right. Between May of 2020, you know, so the pandemic really hit in March of 2020, average sale price was 287, right? And in two years by the peak in let's say April, June, August of 2022, we went up to 440. So we're looking at 289 to 440 in 2 years, >> right? >> And now for the past 3 years, August of 2022, it's it's down and then it's up and then it's down, but not like massively down. >> We're not seeing this kind of a big swing. we're seeing mostly flat, right? So September of 2022, average price 440,000. August of 2025, 431,000. >> A very modest drop. And so not crashing in Claremont, not crashing in uh Winter Garden. Let's take a look at Lake Nona. Very popular area. 597,000 is your average home price. It's down 3.1%. That 3 to 4% seems to be what we're seeing all around Orlando. And look at that. Look at the Sometimes it's wild to think of the spike. And a lot of times we have people that want to move to the area and they still think it's these prices from 2019 or 2020 >> and they think, "Oh, it's just over inflated. That can't be real. It's going to come back to Earth." Why? Why would it come back to Earth? The demand is still high. Yes, >> we still have about 900 people a day moving to >> Florida. >> It's unbelievable. And the demand keeps coming. So, look at this. In August of 2020, average sale price in Lake Nona was 412. In August of 2022, 614,000. A well, let's see. May August of 2024, 617. And here we are, August of 25, 597. So, we're looking at 617 to 597. We're looking at a $20,000 average difference over the past year. We're not seeing that's not a big spike downward. That's a flat. That's a plateau. Dr. Phillips, another very popular area. It's going to hold its value 2.4%. Down 2.4%. >> So, I feel like the closer you come in towards Orlando, you're not going to see that big of a dip. I think >> now obviously they had a huge appreciation uh jump here and same as everywhere and starting in 2020 uh 355 average price in Dr. Phillips up to 509 in 2022 and then look at that it went up again for 2024 to 551. >> Wow. >> So 2022 512. Everybody thought it's going to crash in 2022 and two years later it's up. Now we've dipped just slightly over the past year from August of 24 at 550 to August of 25 at 537. >> Yeah. >> A $13,000 in average sale price. So is it crashing? >> No. >> No. If you're looking for the crash, please stop. Let us help you. Let's be real. Davenport, very tourist driven area, down 5%. Maybe that makes sense just because the tourism has maybe peaked a little bit, but not a lot. I mean, we're looking at the difference of 382 in uh August of 2022. >> Going to peak. Tourism is always going to be there. People are always coming. >> 349. So 382 383 to 351 in uh or let's see 349. What's so interesting to me too is when you're saying this market, and this is maybe a whole another video, but when you were at Lake Nona, there were five new listings. When you went to uh Dr. Phillips area, it was like 12 new listings. This one says 293 new listings. >> 293 new listings and a total of 2,000 on the market. >> So, inventory, supply, and demand obviously drives the economics here, right? >> And that's what we're looking at, >> right? So, interesting. >> Let's go to Mount Dora. Mount Dora has stayed hot. It's maybe even gotten better. It's only It's down 1.7%. Yeah, a modest 1.7%. >> Mount Dora, I think, will always hold its value. >> So, 256 homes for sale in Mount Dora. Currently, 58 new listings in August. We're looking obviously we had a big spike in 2020. >> Yep. >> 270,000 up to 390,000 from 2022 395. And today in August, end of August 2025, 390, 395 to 390 uh in 3 years. >> So if you're waiting for them to come down, stop. >> You're missing out. >> Well, it's just not going to change much, right? So if you're if your plans are dependent on whether the market tanks, it may not tank. Can we predict what's going to happen? >> No. Can anyone predict? >> Can anyone predict what's going to happen? >> What's going to happen? No. >> There's so many different things happening in the world. What's going to impact the economy? What's going to happen to the stock market? What's going to happen to real estate? You probably have seen YouTube videos. You're searching around and you're seeing people say it's crashing. >> Yes, >> a 1.7% drop in a year does not seem to be a crash. >> No, >> I wouldn't consider that a crash. And I don't see a very precipitous trend downward. Right. And we're looking at three years. In fact, our brokerage the our the chairman of our brokerage is expecting a boom over the next uh 18 to 24 months. Oto, one of the best uh schools in central >> because Ovito is a very hot people are flocking to Ovito. They have the best schools. It's rated really high in the state. Uh just a great place to raise your family. >> So median sale price 532. We're looking at the average home price of 504,000 basically 55,000 down 2.7% over the past year. >> 2.7 >> 2.7%. So again, we're looking right if you if you were smart enough to come down prior to prior to the pandemic, >> you could have gotten a house for 322. >> Now the average price uh we're looking at 504. So, yes, if you were expecting to make the move to find a house for 300,000, that was 6 years ago. >> That was 6 years ago. >> And they haven't been there since 2022. Uh it started to run up in 2021 and it's been it's been going strong. And so, if you're interested in moving to Central Florida, you're trying to figure out what community to go to, we want to help you. We're Jim and Linda Lloyd. We're Horizon West husband and wife real estate team. If you have any questions about the market or about anything, put it in the comments. Give us a call. We would love to talk to you. Jim loves doing research and talking numbers. So, >> yeah, love doing our research. And if you're not sure which of these communities works for you, we have a quiz. Click on a link in the description below and answer a few questions. We'll make some recommendations based on those results of what seems to work for uh your lifestyle and what you're looking for. Uh but otherwise, we hope to see you on the next video and thanks for watching. for watching.