I have been tracking the Orlando and central Florida 
real estate market all of my real estate career..... that
is 13 years of information my clients can depend on!
From statistics in the marketplace now, the balance bet-
ween buyers and sellers at at almost a balance. Believe
me when I say that balance RARELY stays for long! When
the current market changed into the bearish buyers market
we have had for the last several years, the change happened
in a matter of about 2 weeks! People did not realize it until
it was too late.
People who bought homes in the final months of that awesome
sellers market were left holding onto homes that were WAY
over priced because of the feeding frenzy created by the low
interest rates and the deceptive teaser rates mortgage companies
and loan officers were advertising. When homes stopped appric-
iating, home owners were shocked and were left with large bala-
ncesheets and were upside down in what they owed verses what
their homes were worth.
Home owners take note of these latest statisctics:
- There is just over an 8 month supply of homes for sale
in the Orlando and central Florida real estate market;
when the market has 6 months of supply it is considered
by housing pundits to be balanced between buyers and
sellers. - In June, REALTORS® sold over 43% more homes than in
June of last year, making the area’s year-to-date sales
an increase of almost 44%. If that is not a rebound, I don't
know what is!! - 46% of those completed transactions were homes in "Special
circumstances" ~~ Bank owned, Sold as-is, corporate owned,
in foreclosure, in pre-foreclosure, or sold as a short sale. That
HIGH NUMBER is reported in EVERY single market report I do.
I always point out the DEALS to buyers of central Florida real
estate, so YOU can SAVE MONEY! - There is more than double the number of homes currently
awaiting closings (7,230) than in June of last year (3,329).
There are currently almost 18,000 residential homes available for purchase through the Orlando Regional MLS. Inventory fell from last month. Compared to last year, the June 2009 inventory level is just over 27% lower than it was in June 2008.
Here are links to market reports I have done in the past AND you can search the Orlando Regional MLS for yourself. You can also set up automatic searches and have properties sent to you when homes that fit the criteria you specify come up for sale. ALL this is FREE information to you from me. When you are ready to make an offer on Orlando or central Florida real estate, just contact us and The Knights Team Real Estate Group will take it from there!
Central Florida Real Estate Happenings ~~~ Lake Nona Market Report!! 6.12.2009
Central Florida Real Estate Happenings ~~~ Longwood, Florida Homes for Sale!!
Central Florida Real Estate Happenings..... Altamonte Springs homes for sale!
Central Florida Real Estate Happenings ---- The Hunters Creek Market Report
Central Florida Real Estate Happenings..... Baldwin Park Market Report
Every month I will be reporting on what is happening in the Orlando and central Florida real estate market. You will also see market reports on communities and local Orlando suburbs in central Florida Alexander Harb PSEM®, E-Agent® Beach and Luxury Realty Inc.
Just click on any of these links Buying, selling or just searching,
The Knights Team Sales leader
to find the type of help you need.
The Knights Team has what
you are looking for!
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