Glad you asked how the real estate market is in the Orlando area. We just received our numbers and I am happy to announce that we have a steady trend of flat line :) Which is good I think a jerk too quickly in either direction will be bad. I am curious to see what September brings us as this is always one of the slowest months of the year.

I have included some graphs to show you how the market has faired the past 12 months and levels for the past 3 years. If you have thought about buying or selling a home in Orange or Seminole County this chart should help show you how the market is. Buyers it's still the time to buy. As you can see some of the highest inventory and still low interests over the past 2 years. Also sellers as you can see homes are selling and the market is strong, but if you dont need to see there is no need to add your home to the inventory. For those sellers who have some equity in their homes and purchased prior to 2004 you are still in a great position to sell.

As you can see the average time on market last month was 123 up slightly from the month prior but down from the start of the year. 

Overall sales closed are the highest they have been since last August 2007.

Inventory is slowly creeping down and is about the lowest it has been in 12 months. Great sign!

New contracts are going strong. Each month saw a nice increase in new contracts and June 2008 is the highest we have seen in a year.

Buyers this is your time to buy, but dont sit on the fence too long, before you know it all can change and the interest rates could make their way up into the 7% range, making homes less affordable for you.

If you have a home to sell and just arent getting the offers or showings you would hope, then contact Heather Joubran today. She can not only give your home the marketing efforts it needs, but she will also get your home setup with it's own auction.

For information on buying, selling, or auctions in Central Florida, Orange County and Seminole County, new construction or Relocation services contact your Lake Mary Real Estate Agent Heather Joubran @ 407-810-6304 or hjoubran@remax.net Seminole County consists of Lake Mary, Sanford, Heathrow, Longwood, Altamonte springs, Winter Springs, Oviedo. Orange County consists of Orlando, Downtown Orlando, Baldwin Park, Windermere, Apopka, Winter Park, Maitland, Disney, UCF, East Orlando, Lake Nona. I can help you with all your housing needs from Luxury Homes to First Time Home Buyers. "Always work with a Realtor when selling a home. Would you hire a Realtor who has never sold a house before, knows nothing about real estate law, contract negotiation, or sales? Of course not – but that describes you. Don’t hire yourself – hire a real estate sales professional." ~ Ric Edelman