Orlando Real Estate

It's election day here in the sunshine state. Voter's are selecting Presidential, Mayoral and other local issues. One top ballot item is the property tax amendment. This should save homestead property and non-homestead (second home and investment) property owners a little money. It does require a 60% vote to pass, and that will be tough.

In the meantime, pending sale continue to climb up to nearly 1,750 as of this morning. The median sales price of the property that has already closed this month is down a bit from last month to $220,000. The inventory of homes on the market has pushed up a bit as well to nearly 27,000. www.davidwelch.com/orlandosellers.

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