Friday, October 20, 2006

Orlando Inventory of Homes Declined

For the first time in 1.5 years housing inventory decreased by 3.3% which will help maintain home prices. But inventory of homes is still at a all time high of 20,319. The median price of homes have remained steady at $250K which is up 2.5% from September 2005. Prices have begun to decline across Florida, but local studies predict that an overall price decline in Orlando is unlikely. Courtesy of Orlando Sentinel 10/20/06.