Lake Mary Home Sales February 1 - 28, 2012
If you read, listen or watch the news it's almost impossible to escape from the latest report on the housing market. Much of what you hear is based on a national level and leaves many questions about what's going on here at home.
This is what's happening here; the Lake Mary housing inventory is down 30% from the same time last year and the distressed property inventory is down 4%. There were 36 home sales last month, up from 23 home sales in February of 2011. We are expecting the Seminole County real estate market start heat up (along with the weather) and sales rise as we enter the spring buying season.
If you have been thinking about selling your home and are underwater on your mortgage, you may want to consider a Short Sale. The debt forgiveness act continues to give homeowners relief through 2012, but homeowners who want to take advantage of this opportunity need to act soon. A Lake Mary Short Sale is a viable alternative to foreclosure and provides homeowner to homeowner transfer where the property and community benefit from the avoidance of a foreclosure and an abandoned home.
Please contact us if you have questions about our local real estate market...
Call/Text 407-758-1020 or email the Move To Lake Mary team.
Lake Mary Homes For Sale: 205 Homes
- Short Sales: 45
- Bank Owned / Foreclosure Homes: 14
Distressed Property Inventory = 29%
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