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:
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.
Alexander Harb PSEM®, E-Agent®
Rice Property Management and Realty L.L.C.
Just click on any of these links
to find the type of help you need.
Buying, selling or just searching,
Rice Property Management and Realty
has what you are looking for!
;)
;)
Alexander,
When it comes to information in florida you always do a great job, nice to see you again ! :P keep that great enthusiasm.
Ray Saenz