Central Florida Real Estate 360 – Keeping You In The Know

Central Florida real estate market is still steady as she goes and strong. According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price for January 2012 was 13.8% higher than January 2011. The median price for January 2012 was $108,000 and for January 2011 was $94,900. Our current inventory levels dropped again to 9,258. Current inventory levels have dropped 35.7% compared to January 2011. There is a 5.52 month 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, now is the time to buy Central Florida real estate! Click Here to read the full report.

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.