ORLANDO HOUSING MARKET REPORTorlando home prices rise

Inventory is down, prices are up, bidding wars are here…

Orlando Home Inventory:  The lowest level of Orlando homes available since 2005.  A 3.2 month supply of homes which is about half of what a healthy real estate balanced market  is.

Orlando Home Prices are going up:  The median home price went up 4% in the past month and 14% from June 2011, a year ago.

Home Bidding wars:  Yes, they are back…good properties are seeing multiple offers and the seller now gets to pick and choose their favorite offer.

Change in type of homes sold:  As the availability of short sales and foreclosures decrease, regular sales increase allowing for the trend to get back to normal sales…and that is a good thing.

With 43% of Orlando Homes selling for full price or more, it is time to become a home buyer while there is still inventory at a great price.

Call Buyers Broker of Florida 407-539-1053 for a free consultation and a custom list of available homes. 

Copyright @ Buyers Broker of Florida 2012 “43% of Orlando Homes selling for full price or more!”