Monday, July 15, 2013

Orlando Housing Market Report - June 2013

Hot News is median price of a home just topped over $150,000 as prices increase.  Competition among home buyers is fierce for good properties.  Buyers should expect to be ready for strong offers.  Inventory is still very low.  Interest rates are inching up, and increased by 1 whole percentage point into 4 within 1 week.  If you are thinking about buying, start looking for a home before rates go up further and before it costs you more.

  • Average Mortgage Rate:  4.25%
  • Inventory:  7,616
  • New Listings:  3,732
  • New Contracts: 3,191
  • Under Contract:  8,441
  • Back on Market:  676
  • Expired:  245
  • Withdrawn:  714
  • Sales Closed: 2,563
  • Days on Market: 66
Buyers Broker of Florida specialize in home buying and would be glad to offer no obligation consultation to discuss your home buying options.