Orlando Real Estate March Statistics

Orlando area home sales have again experienced an increase in activity, with members of the Orlando Regional REALTOR® Association involved in the sale of 47.59 percent more homes in March of this year than March of last year: 1,653 to 1,120. Read More.

• Average Mortgage Rate: 4.67%
• Inventory: 21,448
• New Listings: 4,043
• New Contracts: 2,956
• Under Contract: 4,906
• Back on Market: 665
• Expired Listing: 1,290
• Withdrawn: 1,426
• Sales Closed: 1,653
• Average days on Market: 104

For historical months, please click here.

KB Homes in Central Florida Cut Home Prices

KB Home, one of the nation's largest residential builders active in the Orlando area, is slashing prices with the introduction this month of what it is calling its "Open Series" in eight new home communities throughout Central Florida.

The designs are "priced to compete with resale and foreclosure homes,'' the company said, with base models beginning at $119,990.

The Open Series home designs are being offered in KB Home's Arbor Ridge, Blackstone, Loch Leven, Isles of Sugar Mill, Southern Fields, Festival Pointe, Hammock Trails, Moss Landing and Harbour Isles communities, mainly in Orange and Lake counties.

KB Home, founded in 1957, focuses on first-time buyers of new homes, a category showing most of the growth in the current slower sales environment, according to various industry surveys.

Move-up buyers have had a harder time buying a new home because many have been unable to sell their existing homes, with home values falling and lending standards tightened.

New federal tax credits, other stimulus measures and record low mortgage interest rates are beginning to boost new home sales in some markets, and home resales also have shown year-over-year growth in recent months, providing some evidence of a more balanced market for the coming year.

The "Greenest" Townhomes in Florida

Winter Park is home to the first "green" townhome community in Florida. This community features gas stoves, tankless water heater, energy star certified home and appliances, low flow showerheads, high efficiency air conditioning, dedicated circuits for charging electric cars, low E double pane windows, third party insulation inspection.

Convenient to local colleges (UCF, Rollins, Valencia, Full Sail), in "A" Rated school district, Lakefront Views, Backs to 6.5 mile Cady Way Trail.

2-3 bedroom plans available with 1-2 garages with new construction pricing starting at $180,000's.

To view this community and models, please contact Buyers Broker of Florida.

British Pound Look Up

For Sterling at least, things may be looking up. After its sharp fall at the end of last year, the Pound is looking stronger. It is still trending lower, but that trend is less south-facing with every week that passes.

The last few weeks have brought much more of a two-way street for the Dollar. Investors have swung back and forth, sometimes violently so, in their perception of the US currency as a top-notch safe haven.

The Dollar's Achilles' heel remains the scale and scope of the multi-trillion dollar bailout programs initiated by Washington. The more the adminstration spends on rescue plans, the more the market worries about where the money is coming from. The recent decision at the G20 Summit to allocate $1 trillion will do nothing to strengthen the Dollar.

For international buyers looking to make a real estate purchase in the Orlando area and get some great deals on properties, please contact Buyer Broker of Florida. In addition, Buyers Broker of Florida can tell you how to get the best exchange rates.