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.....)
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