Wednesday, October 24, 2012

Orlando Home Prices up 16%

Yep, that's true, never thought I would write Orlando Home prices up 16% in 2012, after years prices declines.  The market is changing, and with the low inventory, creates bidding wars among buyers.  It's still a great time to buy with interest rates in low 3%'s.  Orlando Short Sale and Foreclosures  properties on the decline.  Distressed properties vs. regular sales are 50/50.  The Orlando median price of a home still increasing and at $125,000.  Take advantage of thes low interest rates, allow you to buy more home for the money.  We are happy to help if you are looking for expert Orlando Buyer Agent services.

Here are the Orlando September Market Statistics:
  • 3.58%  Interest Rate
  • 8,073 Inventory of Homes
  • 985 Active with Contract
  • 3,086 New Listings
  • 3,104 New Contracts
  • 9,268 Pending Under Contract
  • 648 Back on the market
  • 239 Expired
  • 661 Withdrawn
  • 2,258 Sales Closed
  • 84 Average Days Property on Market