Orlando’s strong housing market is nothing new. Since 2012, typical Orlando home values have appreciated by nearly 136% (Zillow). If that’s not enough to knock your socks off, home values have increased by 22.7% in the last year alone. These numbers speak directly to the incredibly desirable area that Orlando and its suburbs have become. While there is some softening of the market, Orlando remains one of the strongest housing markets in the nation.
People want to live here, they are moving here in droves, and they are looking for their dream homes.
What a Hot Market Means for Dream Finders Homes and You
The good news is that home pricing has stabilized in Orlando, and while it is projected to increase over the next year, it’s unlikely to hit the double digit gains that we’ve seen most recently. So while that is a plus for home buyers, it’s still best to buy now rather than wait, so that you can take advantage of today’s pricing and lower interest rates (although those are on the rise, too).
Although it is a great time to buy, you may still run into challenges finding available homes. Supply chain disruptions over the last two years have affected everything from lumber and paint to flooring and appliances, all of which impact building timelines and delivery dates.
While Dream Finders Homes has been impacted by the same supply chain issues as most builders, we’ve been fortunate to have great relationships with our vendors and trade partners in order to keep construction moving. We have continued to build and deliver homes as quickly as possible, without taking any shortcuts on quality or craftsmanship.
We are also preparing for the time when the supply chains are once again operating at pre-pandemic rates and the pace of new home building resumes. We have acquired land in over 10 new communities and markets throughout Orlando, and started development in many of them. We are building brand new, single family homes and townhomes in these communities throughout Orlando:
Our New Home Communities in Orlando
Bella Collina | Montverde, FL
3-5 bedroom homes from $582,990
Cypress Park Estates | Haines City, FL
3-4 bedroom homes from $298,990
Deer Island | Tavares, FL
3-5 bedroom homes from $309,990
Hammock Reserve | Haines City, FL
3-4 bedroom homes from $313,990
Hartwood Landing | Clermont, FL
3-6 bedroom homes from $413,490
Lakeside at Hamlin | Winter Garden, FL
3-6 bedroom homes from $484,990
Lakewood Park | DeLand, FL
3-4 bedroom homes from $305,990
Laureate Park | Orlando, FL
3-5 bedroom homes from $587,990
Prairie Oaks | St. Cloud, FL
3-6 bedroom homes from $447,990
Rivington | Debary, FL
3-4 bedroom homes from $389,990
Seminole Crossing | Winter Springs, FL
3 bedroom townhomes from $426,365
Summerdale Park at Lake Nona | Orlando, FL
4-5 bedroom homes from $556,990
Talichet | Howey-In-The-Hills, FL
4-7 bedroom homes from $413,990
Wiregrass | St. Cloud, FL
3-6 bedroom homes from $429,990
At Dream Finders Homes, we are really proud of how events of the last year and a half have led us to innovate and prioritize in order to build so many more beautiful new homes in Orlando for our customers. We were, however, impacted along with the rest of the industry by the skyrocketing cost of lumber and other materials. The result has been a subtle price increase across the board but one that is in line with the cost to build a new home today. We will continue to monitor housing trends and costs to ensure we are providing the best price possible to our customers.
Orlando is a red-hot market, and though the pace of sales may slow in 2022 as interest rates rise, people will continue moving here, and there will continue to be a strong demand for housing, particularly new construction. High demand and low supply will continue to drive home prices higher, making NOW a great time to buy. Interest rates continue to be near record lows, adding to the incentive to lock in a great rate while you can.
With its beautiful year-round weather, strong job market and economy, tons of amenities and attractions, the demand for Orlando, and its housing, will only increase for the foreseeable future.
For more information on buying a new home in the Orlando suburbs, contact us to learn about our coming–soon homes.