Thursday, April 20, 2006

Orlando Home Sales

Downtown Orlando condos continues to be a solid market, as everyone wants to be downtown.
However for single family homes sales have slipped as there is 15,000 homes on the market which is 5 times the amount of homes on the market one year ago. With rising interest rates and large number of homes on the market, buyers are becoming choosier, and sellers are being more flexible allowing for contingency in contracts and being negotiable on repairs. Courtesy of Orlando Sentinel 4/20/06.