Kory Benken's (kbenken) Blog

Sales dropped in Central Florida by quite a bit in September. Orange County saw a 43.5% drop in overall sales this week which was the worst of all of the Central Florida Counties.  The total number of Active Listings dropped by a net of 314 (or 1.94%) in Orange County over the same period but was...

The first week of October unveiled the first look at September's numbers for Home Sales and was not pretty. The graph below shows the absorption rate change from week to week (from March 2007). By the way, up is bad! Suprisingly, though, inventories did decrease but not nearly as much (percentage...

The fist week of October saw a dramatic slowdown in the Real Estate Market in Seminole County. Sales over the past 30 day period slowed down as much as 60% in some zipcodes like 32779 (Longwood).  September is typically a slow month but this is unusual.  Seminole County (as a whole) went from 12....

The first week of October did not bode well for Seminole County Florida (or the rest of Central Florida for that matter).  The absorption rates sky rocketed this week which means that market time will increase and sales will slow even more!  Although September is typcially a slow month in the Rea...