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.

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According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for November 2011 was 9.52% higher than November 2010. The median price for November 2011 was $115,000 and for November 2010 was $105,000. Since January this year, Orlando areas median price has increased by 21.18%. This is a great sign towards a more stabilized market. Our current inventory levels were at 10,136 for November 2011. Current inventory levels have dropped 33.28% compared to November 2010. There is now a 5.2 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.

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According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for October 2011 was 7.33% higher than October 2010. The median price for October 2011 was $112,700 and for October 2010 was $105,000. Since January this year, Orlando areas median price has increased by 18.76%. This is a great sign towards a more stabilized market. Our current inventory levels rose for the first time in 15 months by only 42 properties, but still remain under 10,000. These are inventory levels not seen since 2005. We are now at 9,973 properties on the market or a 4.82 months supply. 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.

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According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for September 2011 was 9.52% higher than September 2010. The median price for September 2011 was $115,000 and for September 2010, it was $105,000. We stayed the same for August ’11 to September ’11 in our median price, but for three months in a row, we are higher than the previous years median price. This is a great sign at seeing our prices hitting bottom. Our current inventory levels have dropped again and are at the lowest levels since 2005. We have seen this inventory reduction trend over the past 15 months. We are now at 9,931 homes on the market or a 4.83 months supply. A 6 months supply is a good balance between buyers and sellers. With home inventory at this level and interest rates at historic lows, we continue experiencing multiple offer situations on many deals. It’s a great time to buy Central Florida real estate! Click Here to read the full report.

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According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for August 2011 increased by 21.18% since January 2011 and 15.12% higher than August 2010. The median price for August 2011 was at $115,000. Our current inventory levels have dropped again and are at the lowest levels since 2005. We have seen this inventory reduction trend over the past 14 months. We are now at 10,055 homes on the market or a 4.29 months supply. A 6 months supply is a good balance between buyers and sellers. With home inventory at this level and interest rates at historic lows, we’re experienceing multiple offer situations on many deals. It’s a great time to buy Central Florida real estate! Click Here to read the full report.

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