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Localism Challenge, Day #21: Inventory's shrinking- it's time to make your move
Localism Challenge, Day #21:  Inventory's shrinking, prices rising- it's time to make your move
 
Localism Challenge, Day #21:  Inventory's shrinking, prices rising- it's time to make your move
A recent column from the Orlando Sentinel's Mary Shanklin points out some encouraging signs for our local real estate market here in Orlando.  Schools are open- and Economics 101 is in session:  inventory is shrinking and prices are rising.
When the median sales price in July exceeded the previous year's median by 6 percent, it was the first time in four years that the local housing market had managed a year-over-year gain in resale prices.
Since January of this year, Orlando's median price has increased by 21 percent. 
I concentrate on the rentals and leasing markets right now, and the increase in sales prices and dwindling inventory also bodes well for me and my business.  Places getting bought means less places to go....places being bought for more money means places will be leased for more money.  Tenant prospects will have less room to lobby for price reductions and concessions.
 
Localism Challenge, Day #21:  Inventory's shrinking, prices rising- it's time to make your move
Fence-sitters, word to the wise:  it's time to ... more

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