The Numbers are In

 

ORRA Market Pulse

ORRA Market Pulse

The Orlando Regional Realtor Association just released the market udpates with the November numbers.  Things are holding pretty steady in Central Florida except prices.  The median sales price dropped to $167,025, which increases the first time homebuyer affordability index to 96%!  This is great news for Orlando residents.  There are now over 6000 homes for sale that would work for the average first time home buyer.

Inventory has continued to drop and is at this year’s low with 24,408 homes on the market.  Home sales peaked in the summer months at almost 1,500 and dropped a little  over the last few months.  November sales were 1,076.  The slight drop may be due to the possiblity of interest rates near 4.5% in the beginning of 2009.  The good news is that pending sales have held steady over 3,000 since May of this year.  This is an indicator of sales to come.

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About Kathryn Stelljes PA

I am a Realtor in the Downtown Orlando area. I have earned a Bachelor's Degree in Marketing and a degree in Residential Planning. My background in these design fields has advanced my ability to sell in the realm of residential real estate. As a native Floridian and resident of Downtown Orlando I understand the growing needs for homeowners in the Central Florida home market and specifically the Downtown market. I enjoy sharing information about businesses, fun events, and the historic homes and neighborhoods that make Downtown Orlando such a unique and vibrant place to live. I love Italian Greyhounds, old houses, interior design and design blogs, social media networking, and anything marketing related.
This entry was posted in First Time Home Buying, Real Estate, Real Estate Market, Real Estate News and tagged , , , . Bookmark the permalink.

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