Well, things keep getting better and better in central Florida!

• The median home asking price has declined to $207,500 from last months $216,000. (It is 17% lower than last year at this time.)
• The affordability index rose to 103.8% which means the median Florida home income has MORE than enough to afford a home in central Florida.
• The July 2008 inventory of homes is 4.9% lower than it was last year at this time.
  (That means there are FEWER homes on the market than last year.)
• Since January the supply of homes for sale has been decreasing steadily resulting in 46.2%
  less homes on the market. Eventually, this will lead to a balancing of the real estate market in central Florida.

I have posted several blogs about what has been happening in the central Florida real estate market:

• Central Florida Real Estate Happenings..... The market is slowly turning around...

• Central Florida Real Estate Happenings..... 3 County April 2008 statistics

• Central Florida Real Estate Happenings -- The 4 county area statistics for January 2008

So, as you can see, things ARE getting better in central Florida real estate!!

This blog was brought to you by:
Alexander Harb, PSEM®, E-Agent®

Beach and Luxury Realty Inc.