florida: Seminole County stats for October 2, 2007 proves to be dismal!
- 10/04/07 03:39 PM
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 12.65 months of inventory last week to 19.26 months of inventory (a 52.26% increase in 1 week!). These numbers should bounce back in October/November, however, the trend has been a decline at the end of each month followed by a slight bounce back.
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florida: Seminole County takes a nose dive in September!
- 10/04/07 03:28 PM
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 Real Estate business, other factors such as the credit crunch, slumping housing prices and more people moving out of the state than into it have all contributed to poor performance.
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florida: Is the Real Estate Market Bouncing Back?
- 06/29/07 01:44 AM
In 2005, Lisa was trying to buy a condo. I was lucky enough to be her REALTOR. Lisa is a hard working, caring, compassionate young mother of 2 very well behaved girls. As I look back now, I would have to say that Lisa was one of my most motivated clients. Offer after offer was turned down. We competed with an average of 10 other offers and with buyers who were willing to go over the asking price and appraisal by $20,000. Unfortunately we could not. One property had 18 offers in the first day. It eventually took 19 offers, 2 contracts, thousands … (9 comments)
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). ;)
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