Tuesday, June 20, 2006

Orlando Condo Sales Slowing

Orlando Condos sales have slipped like the single family homes which is down 12.2% from 6/05. Properties are not moving reaching 18,179 single family homes and condos. Industry experts say when inventory back log represents 6 months it becomes a buyers market, in which May inventory reached 6.7 months. Some real estate agents think we may have 20,000 homes on the market by the end of the year. This is great time for buyers with more homes to choose from and competitions amongst sellers to sell their homes.