Orlando Real Estate

Orlando Property 1/23/2008

January 23rd, 2008 1:36 PM by David W. Welch

Pending sales keep climbing. They are over 1,700 today, and that is a significant increase from where they were just three weeks ago. In fact, that is more than a 10% increase this year. Pending sales are the best indicator of where closed sales will be at the end of the month. I have found that the closings tend to be about 2/3 of the contracts pending. So, we should look for sales close to the 1,100 range for January which is up 10% from December. If this keeps up we could see close to 1,200 sales in February. I am looking for sales in the 1,400 range by April. This just confirms what I have been saying - Buy A Home - It's OK.

www.davidwelch.com/orlandobuyers

 

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Posted by David W. Welch on January 23rd, 2008 1:36 PM

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