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Orlando Housing market year to date......

By
Services for Real Estate Pros with Knights Investing

 

Even though the housing market is cooling, Orlando will finish 2006 as its second-best year in single-family existing home sales, according to the Orlando Regional Realtor Association.

 

Through the end of November, Realtors were involved in 25,371 transactions. That's 717 fewer sales than in 2004 and below 2005's record 31,230 transactions, but ORRA says it expects the sales totals from December to propel this year's sales past 2004's.

 

 

This past November, 1,597 homes changed hands, compared with 2,423 in November 2005 and 1,897 in November 2004. The median price for existing homes sold in November reached $250,000, up from $249,900 in November 2005 and $182,300 in November 2004. In November the avg, sle price was $300,210, up from $300,078 in 2005 and $231,339 in 2004.

 

 

 

During the month, interest rates rose one-half of one-tenth of a percent to 6.10 percent, ending a three-month falling trend. Nationally, interest rates hovered near 40-year lows, according to the National Association of Realtors.

 

 

 

 

So in retrospect, things were NOT all that bad this year in real estate.

 

 

And everyone said the sky was going to fall......

 

 

Is your glass half empty or half full?

 

Go get em' tiger....   

 

I am all for helping my clients with their central Florida real estate this is where I live; it is what I and my TEAM do.

 

 

(All info was from the Orlando Business Journal and the Association of Realtors.....)

 

 

Posted by

Alexander Harb -- PSEM®, E-Agent®

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Comments (5)

Alexander Harb
Knights Investing - Mesquite, TX
Dallas, Texas Real Estate Investing

What a town we live in....... I am so glad to live here.......

Is this the place to be or what??

:-D

Dec 12, 2006 06:40 PM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

1,597 homes changed hands, compared with 2,423 in November 2005 and 1,897 in November 2004.

OK I am no mathematician But if in 2006,  1597 homes changed hands

                                                  2005    2423 homes changed hands

                                                  2004    1897 homes changed hands

 

"Orlando will finish 2006 as its second-best year in single-family existing home sales"  The numbers do not add up!  The number of transactions is below the 2004 level. 

Dec 12, 2006 09:48 PM
Alexander Harb
Knights Investing - Mesquite, TX
Dallas, Texas Real Estate Investing
Uh they said if Dec sales kept up then it would be the second best year...we will see what happens hmm, Alison?
Dec 13, 2006 05:01 AM
Rebekah Peters
Exit Realty Tri-County - Mount Dora, FL
The sky is only falling for those who don't want to work.  Too many of us got spoiled and thought real estate was easy and customers fell out of the sky.  Well not no more you have to go out and meet people and really treat them good so you can build a referral base. My cup runneth over...maybe I didn't get the memo.
Dec 13, 2006 02:22 PM
Jay Thompson
Zillow - Seattle, WA

In my jaunt across AR today I've seen the same theme over and over.... yes, things are slower than last year, but recovery is in sight and it's not as bad as the bubbleheads would lead us to beleive

 

Dec 14, 2006 09:49 AM