Hello there!! This post will the show trends in the
Orlando and central Florida real estate marketplace,
as they are happening.
In November, the Orlando and central Florida real
estate median sales price of about $167,000 declined
over 28% when compared November 2007's median sales
price of $234,900. It is also a decline of almost 5%
when compared to the median sales price in October
2008 of $175,650.
Orlando and Central Florida real estate SALES PRICES ARE
SLIDING EVEN MORE!!!
This is pushing UP the affordability index to over
135%
- The median income for Florida residents is almost $52,000.
- If YOUR family income is at that level or higher,
there are OVER 11,500 homes that are on the central Florida
market for $226,000 or less THAT YOU CAN QUALIFY TO OWN.
Members of the Orlando Regional Realtor® Association
helped close the sales of over 5% more homes in November
of this year than last year. Pending sales, considered by
housing economists to be one trusted predicator of future sales,
continued a five-month increase in activity . There are over
84% more homes under contract in November 2008
than compared to November 2007.
What do those statistics mean?
- Homes are selling....a LOT of homes....
- This is NOT a fluke...it has been happening for 5 MONTHS now.....
- Home prices ARE CONTINUING TO FALL!!!
- Mortgage rates are falling also!
To see all homes for sale on the Orlando and central
Florida MLS, just click on this link!
This Orlando and central Florida real estate
market report is brought to you by:
Alexander Harb PSEM®, E-Agent®
The Knights Team Sales Leader
Beach and Luxury Realty Inc.
Alexander Harb -- PSEM®, E-Agent®
Just click on any of these links
to find the type of help you need.
Buying, selling or
just searching
I will find what you
are looking for!
I had to help an appraiser from your area, with a duples in Port Orange today. I think I'm too nice =/
Oh and I like the map lines...
One more thing. You're not allowed to blog for at least a week! =P
Lisa Hill (Daytona Beach Real Estate) (Adams Cameron and Company) Well, sis...the fact that this appraiser was an idiot, does NOT mean ALL of them in my area are....hehehehehe.... YOU can do the VERY same thing ...just go to:
http://maps.google.com
And set up your account...and then go draw away to your hearts content..... and.....
BTW....I am taking aim on Simon NEXT.... passing you is now a dim memory....... hehehehehe
Of course if you wanna make a fun time of it, yer gonna hafta post 3 blogs every day for several days to catch up..... 225x3 = 675 points per day........ PLUS comment points...... do the math.....
YOU CAN DO IT...we BOTH passed TLW......hehehehehe......
O O
\__/
There are over 84% more homes under contract in November 2008 than compared to November 2007.
Hey Alex,
That's remarkable! Thanks for the news about your market. As the FL activity bounces back, it will help real estate in other states. My NC clients will be very happy to hear this. :)
Bruce Brockmeier (Coached By Crouch) (Internet Marketing Consultant to REALTORS®) That sounds fantastic, my freind...BTW..are they interested in the Apopka area??