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!”