If you’ve been wondering, “how’s the Clermont, FL real estate market?” – you’ve come to the right place! Every month we bring you the latest residential real estate data for Clermont (34711) straight from our local MLS (the real estate database all local REALTORS® use), Stellar MLS.
We specialize in residential home sales in the Clermont and Central Florida area, so if you have any questions about buying or selling, contact us today!
What happened last month in the Clermont, FL real estate market?
Below is an overview and summary of the Clermont, FL real estate market last month, September 2021. (Click here to see previous monthly update summaries for 2021). If you’d like more specific data, please let us know by commenting at the end of this post or send us an email.
To summarize: the number of new homes listed for sale is about the same as last September, however, with the continued backlog of buyer demand, home prices continue to be up year-over-year. Our real estate market typically slows down during this time of year with back-to-school season and will pick up getting into the rest of the year.
Clermont, FL 10 Year Median Sold Price in September
The median price of a home in Clermont has consistently increased in September year-over-year. The median sold price increased 32.2% in September 2021 over September 2020, and has almost trippled over ten years (a 190% increase).
Is it a good time to SELL in Clermont right now?
The short answer is – yes! Though the number of new homes being listed for sale is up year over year, the overall supply or inventory of homes is low. This is due to the demand from buyers being so high. Homes are selling quickly – often with the first few days on the market. This high buyer demand is keeping inventory low, sustaining higher home values.
The most common questions we continue to receive lately from our sellers are related to where they will go after they sell and what will the process be like. Since homes are selling so quickly, many sellers are choosing to rent after selling. Others are trying to buy another home at the same time as selling. Both are very much still possible – it just takes a little more strategy and potential sacrifice with the amount of competition right now from both buyers and renters.
Is it a good time to BUY in Clermont right now?
Although home prices continue to rise and competition for housing remains strong, we still believe it’s still a great time to buy – especially to take advantage of continuing low mortgage interest rates. Low-interest rates can decrease your monthly payment, increasing your purchase power – keeping these higher home prices within an affordable range.
In our September monthly newsletter, we actually discussed how low interest rates are keeping these higher home prices affordable for many.
- Get pre-approved so you’re ready to make an offer the minute your dream home is listed for sale.
- Act quickly. When a new home gets listed for sale that meets your needs (and hopefully wants), try to see the home that same day or the day after. If you can’t see it because you’re out-of-town or out-of-state, have a trusted local friend or family member see the home for you. We’ve also FaceTimed our out-of-state clients when they couldn’t see a home.
- Work with a dedicated, local, full-time real estate agent. Inventory is changing every day and you need a REALTOR familiar with the area, other local agents, and expert-level knowledge of contract writing and negotiation to beat out other offers. If you’re looking to buy in Central FL, we’d love to help.
Looking to buy or sell a home in Central FL? Contact us today!
Clermont, FL (34711) Monthly Market Update Summaries for 2021
Below is a running summary of each month’s market update, since we update the main top portion of this post every month.