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Hello there!!
Here is the general Central Florida Real Estate
Market Reprt for September 2009.
- The Median sales price of central Florida properties
has dropped to $128,000.00. This has been driven
by foreclosures and short sales all over the central
Florda area. - "Normal" sales of homes are holding steady at $165,000.00.
This is a good sign that if you are selling your central Florida
home, you should begin to see better prices up ahead. - Orlando Regional REALTOR® Association members sold
over 65% more homes than in August of last year, con-
tributing to the area’s year-to-date sales increase of almost
50%. - There is currently more than twice the number of pending
sales this August than in August last year. - The Orlando affordability index improved in August to over
193% because of the month’s decrease in median price.
(An affordability index of 100% means that buyers earning the state-reported median income are 100% able to purchase a median-priced home. An affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.)
Buyers who earn the reported median income of just over $52,000.00 can qualify to purchase one of almost 9,000 homes in Orange and Seminole counties the local multiple listing service for $257,142 or less. - The area’s average interest rate decreased in August to a little over 5%.
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