Hello there!!

Here is the general Central Florida Real Estate
Market Reprt for September 2009.

• The Median sales price of central Florida properties
  has dropped to $128,000.00. This has been driven
  by foreclosures and short sales all over the central
  Florda area.
• "Normal" sales of homes are holding steady at $165,000.00.
  This is a good sign that if you are selling your central Florida
  home, you should  begin to see better prices up ahead.
• Orlando Regional REALTOR® Association members sold
  over 65% more homes than in August of last year, con-
  tributing to the area’s year-to-date sales increase of almost
  50%.
• There is currently more than twice the number of pending
  sales this August than in August last year.
• The Orlando affordability index improved in August to over
  193% because of the month’s decrease in median price.
  
  (An affordability index of 100% means that buyers earning the state-reported median income are 100% able to purchase a median-priced home. An affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.)
  
  Buyers who earn the reported median income of just over $52,000.00 can qualify to purchase one of almost 9,000 homes in Orange and Seminole counties the local multiple listing service for $257,142 or less.
• The area’s average interest rate decreased in August to a little over 5%.