Central Florida Real Estate 360 – Keeping You In The Know

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.

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.