Well yesterday our monthly sales statistics were published by our local association, and for the first time in a long time there was a very solid silver lining for the housing market.
In Orange and Seminole counties the pace of sold homes increased a whopping 37% from the same month last year. From 970 homes sold in Sept of 07' to 1335 homes sold in Sept of 08'. In Orange County alone the sales number jumped 54%. And to top it off Osceola county, where the majority of homes are vacation rentals, the sales numbers jumped over 72%!
Inventory levels are slowly coming down from their highs which is a good sign, and it's good to see my personal experiences on the ground of seeing more and more buyers start to commit is being backed up by numbers from across the area. Demand is coming back....eventually that will take care if the supply.
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