Friday, July 21, 2006

Orlando Real Estate Market Softening

Today in the Orlando Sentinel describes the Orlando Real Estate market is starting to soften and come back to a balanced level. The inventory of homes went up by 258 in June as compared to April and May figures were 2,143. Buyers have more time to shop, more choices, and more room to negotiate, then during the previous years. Many buyers are still holding out waiting for prices to decrease. For some sellers, reducing their price is occuring to move their property.