Central Florida Real Estate 360

The Central Florida real estate market continues to be on the right track to a more balanced housing market.  The Orlando Regional Realtor Association’s (ORRA) latest monthly statistics indicates that, yet again, the number of homes that sold in April 2009 outpaced the number of homes sold in April 2008 by 41.43%.  April 2008 sold 1,231 homes and April 2009 sold 1,741 homes.  Our areas median price dropped again to $132,900, which is 37.01% below April 2008 median price, but it is showing signs of flattening out. 

With our median price becoming more affordable and interest rates still below 5%, along with the incentive of the $8,000 tax credit for first time home buyers, we should continue to gain even more sales in the coming months.  Spread the word: “It’s a great time to buy!” 

Our ‘Pending’ sales increased again in April 2009 and are still going very strong with 5,818 homes under contract.  We are still experiencing over double the number of homes under contract than we did a year ago.  April 2008 had only 2,853 homes under contract.  This is more evidence of greater sales occurring in the coming months.

For a consecutive 4 months running, the number of homes for sale have now decreased by another 1,254 homes on the market compared to the previous month of March 2009 numbers.  We are now over 5,000 less homes on the market from this time last year.  We are currently at 20,194 homes for sale in April 2009 compared to 25,436 homes for sale in April 2008.  Single family homes make up 14,472 of the 20,194 homes on the market, while the remaining numbers are comprised of condos, duplexes, town homes and villas.  Click Here to visit ORRA’s web site for even more stats.  Your business and referrals are the lifeblood of my business.  Please do not hesitate to contact me if you or someone you know is interested in buying or selling real estate in the Central Florida area.

Has the Central Florida real estate market hit bottom yet?  Not sure, but we are definitely on the right track.  The Central Florida real estate market receives, yet again, more good news in it’s monthly housing sales according to the Orlando Regional Realtor Association’s (ORRA) latest monthly statistics.  Once again, the number of homes that sold in March 2009 outpaced the number of homes sold in March 2008 by a whopping 47.59%.  March 2008 sold 1,120 homes and March 2009 sold 1,653 homes.  It’s getting hotter out there!  Temperature wise and real estate market wise!  With our areas median price dropping yet again to $137,000 and interest rates dropping yet again to below 5% and along with the incentive of the $8,000 tax credit for first time home buyers, we are set and ready to gain even more sales in the coming months.  Spread the word: “It’s a great time to buy!” 

ORRA stats show that March 2009 median price is now 37.73% below March 2008 median price.  Our ‘Pending’ sales increased again in March 2009 and are still going very strong with 4,906 homes under contract which represents over double the number of homes under contract in March 2009 than in March 2008 having only 2,398.

Another positive note for March’s numbers is that we decreased by another 720 homes on the market compared to the previous month of February 2009 numbers.  We are now over 4,000 less homes on the market in March 2009 than in March 2008 continueing to decrease our inventory.  We are currently at 21,448 homes for sale in March 2009 compared to 25,472 homes for sale in March 2008.  Single family homes make up 15,407 of the 21,448 homes on the market, while the remaining numbers are comprised of condos, duplexes, town homes and villas.  Click Here to visit ORRA’s web site for even more stats.  Please do not hesitate to contact me if you or someone you know is interested in buying or selling real estate in the Central Florida area.

The Central Florida real estate market receives more good news in it’s monthly housing sales according to the Orlando Regional Realtor Association’s (ORRA) latest monthly statistics.  Once again, the number of homes that sold in February 2009 outpaced the number of homes sold in February 2008 by a little over 28%.  February 2008 sold 951 homes and February 2009 sold 1,219 homes.  It’s getting hot out there!  With our areas median price dropping yet again to $145,500 and interest rates dropping yet again to 5% or below and along with the incentive of the $8,000 tax credit for first time home buyers, we are set and ready to gain even more sales in the coming months.  Spread the word: “It’s a great time to buy!” 

ORRA stats show that February 2009 median price is now 34.75% below February 2008 median price.  Our ‘Pending’ sales increased again in February 2009 and are still going very strong with 4,348 homes under contract which represents over double the number of homes under contract in February 2009 than in February 2008 with only 2,175.

Another positive note for February’s numbers is that we decreased by 445 homes on the market compared to the previous month of January 2009 numbers. we are still 3,000 less homes on the market in February 2009 than in February 2008.  We are currently at 22,168 homes for sale in February 2009 compared to 25,984 homes for sale in February 2008.  Single family homes make up 16,057 of the 22,168 homes on the market, while the remaining numbers are comprised of condos, duplexes, town homes and villas. Click Here to visit ORRA’s web site for even more stats.  Please do not hesitate to contact me if you or someone you know is interested in buying or selling real estate in the Central Florida area.