This Orlando real estate update dives into the challenges and changes in the Osceola County housing market, specifically focusing on Kissimmee. Unsold inventory has surged by 116%, and many sellers are slashing prices to stay competitive. Some areas are showing year-over-year price declines, signaling a shift to a buyer-favored market. Sellers face challenges, including homes sitting on the market longer and frequent contract cancellations. The video highlights examples of significant price cuts in both resale and new construction properties, showing how affordability pressures and oversupply are reshaping the market. Buyers are becoming more cautious, assessing long-term value amid the shifting landscape.
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