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Poinciana Florida Real Estate is Flying Off the Shelves!!!!

So the big news in real estate this week is.... "The National Association of Realtors reported that sales of existing homes rose by 5.5 percent from August to September to a seasonally adjusted annual rate of 5.18 million units - far better than the flat results analysts had expected. On an unadjusted basis, sales were up 7.8 percent from September last year. But even with the gain in sales, prices kept falling. The median sales price has dropped to $191,600, down by 9 percent from a year ago." (From Newsweek) 
Let's see how this applies to real estate in my market Poinciana Florida. 
In August there were 55 sales in Poinciana Florida. In September there were 66. That's an increase of 17%. Compared to 5.5% Nationwide. OK so Poinciana beat the National average. That's a good thing. 
Now let's compare the other stats. Nationwide sales were up 7.8% compared to same time last year. Poinciana had 26 sales September of 2007 and 66 this September for an increase of 61%. Holy crap!!!!! 
The median price nationwide is $191,600, down 9% from a year ago. The median house price in Poinciana Florida is $105,000 down from $188,000 last September. That's a ... more

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