Central Florida Real Estate Market Update – November ’09
The Central Florida real estate market has continued to heat up! Sales are up nearly 80% over last October 2008 and inventory is continuing to decrease. According to the Orlando Regional Realtor Association (ORRA), the monthly supply of housing inventory now reflects only a 7.14 month supply where a 6 month supply indicates equal balance between buyers and sellers. Add this news to the government extending and expanding the Tax Credit for 1st Time Home Buyers and current owners who lived in their homes 5 consecutive years out of the past 8 years and the real estate market should expect additional good news through early part of 2010. Current home owners who qualify for the tax credit should also be able to take advantage of tax portability whether upsizing or downsizing (Please visit your counties tax appraisers website for more info). You can read more on the Tax Credit from previous blog entry. Click Here to read the full media release by ORRA. Click Here to read ORRA Talking Points.
