Orlando Real Estate

Orlando Real Estate 2/12/2008 January Numbers

February 12th, 2008 5:25 PM by David W. Welch

The official numbers are in, and the median price for January fell 1.2% from December to $222,250 and sales were down to 756. There were about 200 more contracts written in January as compared to December, and interest rates are down to 5.6%. Inventory of homes for sale is up slightly to 25,724.

Buyers need to look at this really hard. There are a lot of good homes for sale at prices that are 11% below last years prices, and interest rates are down about 1% from last year. Interestingly the average price went up in January as 18 homes priced over a million dollars closed. www.davidwelch.com/orlandobuyers

 

Posted in:General
Posted by David W. Welch on February 12th, 2008 5:25 PM

Archives:

Sites That Link to This Blog:

);

English French German Portuguese Spanish