Central Florida Real Estate Market Update – Jan’12
Great news in the Central Florida real estate market. According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for December 2011 was 12.38% higher than December 2010. The median price for December 2011 was $118,000 and for December 2010 was $105,000. Since January this year, Orlando areas median price has increased by 24.34%. Our current inventory levels dropped again to 9,732. Current inventory levels have dropped 35.09% compared to December 2010. There is now only a 4.58 months supply of inventory. A 5 to 6 month supply is a good balance between buyers and sellers. With home inventory at this level and interest rates at historic lows, it’s a great time to buy Central Florida real estate! Click Here to read the full report.
