The cup half full!

By
Real Estate Agent with Watson Realty Corporation BK452572

cupAs I got out of bed this morning and had my cup of coffee, I came across an article on the Orlando market.

Orlando home sales declined in July after a traditional peak in June.  Members Of Orlando Regional Realtor Association sold 1436 homes during July down from 1489 sold in June, a 3.56 percent decline in one month and 5.77  percent less than the 1524 homes sold in July 2007.

Year to date, sales are down , 8387 through July down from 11,1112  for the same period last year. But the gap is expected to close by the end of the year as the number of homes under contract is greater than the same period last year.   Pending sales are greater for the past three months than the same period last year.

The median sales price in the Orlando area declined to $207,500 in July from $216,000 in June.  The median price for homes has dropped from $250,000 for the July last year, a 17 percent drop.

Maybe there is a half full cup here, your home may sell sooner but for less.  Please keep this in mind when pricing your home.

 

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Comments (2)

Brian Brumpton
Keller Williams Boise - Boise, ID
Boise Idaho Real Estate

Selling your home looks pretty daunting right now in most markets.  If you're selling a home to buy up you are actually better off in this market provided you bought right at the start. 

Aug 22, 2008 04:34 AM
Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner
Chris Brown | Certified Mortgage Planners - Orlando, FL
Chris Brown 407.367.2974

i read an article in the Sentinel 8-26 that seemed pretty positive... I will post that...

 

 

Chris teh Implementer

Aug 28, 2008 10:36 PM