Osceola Co. Kissimmee home prices skyrocket above other counties



KISSIMMEE, Fla. - People moving to Kissimmee will probably have to pay more to buy a new home.

In the past year, Kissimmee had the biggest increase in home prices in all of central Florida, rising 32 percent from last year.

The increase in Osceola, Orange, Seminole and Lake counties combined was around 20 percent.

Homebuyer Takara Pate knows she has to act fast if she sees a home she likes.

"We want to buy as soon as possible, because we see the prices rise," Pate said.

Buyers will have to pay more while sellers look to make more.

One of the biggest reasons behind the jump is not enough available homes.

At the height of the housing collapse, Kissimmee had enough homes to sell over three years.

Now, sellers only have a three-month supply.

"The challenge that I face is trying to find the right home, in the right community, at the right price for the right buyer that I'm working with," said Tim Weisheyer of Dreams Builder Realty.

Realtors hope the upward trend in prices is just the beginning of a result from the city pouring $25 million into its waterfront property over the last two years.

Even so, Kissimmee's housing market still isn't on solid ground.

"How long will this jump last?" asked Channel 9's Racquel Asa.

"I think what we are seeing now is a pattern of steady growth," said Carol Platt of Osceola County.

Pate hopes that doesn't limit her chances to find a new home soon.

Just this week, the Wall Street Journal ranked Kissimmee as the third best place to buy a vacation home in the country based on prices and location.