The December 2007 statistics finally
show what I have been saying all this time:

• There has been a decrease in the median home
  price that has brought the housing affordability
  index to 100%
• There has been a staggering reduction in the
  amount of homes for sale this past month.

The median home sales price has DROPPED like a STONE to
$233,900! That is a drop of $11,000! Along with that, the
inventory of homes on the market dropped by 1,874 in one
month.

That one, two punch shows that the market is starting to stabalize.

The decrease in the median home price to $223,900 brings the
area's affordability index to 100.3 percent. (An affordability index
of 99 percent means that buyers earning the state-reported
median income are 1 percent short of the income necessary
to purchase a median-priced home.)

Buyers who earn the reported Florida median income of $51,335
can purchase one of almost 7,000 homes in Orange and Seminole
counties currently listed in the central Florida multiple listing service
(MLS) for aproximately $231,000 or less.

SO, things ARE LOOKING UP for Central Florida real estate!!!

Are YOU ready?

This up to date post about what is happening
in central Florida real estate is brought to you by:

Alexander Harb, PSEM®, E-Agent®
The Knights Team Sales Leader

Beach and Luxury Realty Inc.