Orlando Real Estate

This Week In Orlando Real Estate

March 9th, 2007 6:05 PM by David W. Welch

The latest Orlando real estate market figures were announced today, and closed sales for February were 1,386 compared to 2,269 last February. So, we are continuing to be off last years figures by over 30%. The good news is that 3,096 properties are under contract right now compared to just 2,504 in January. That leads me to expect March to sales to be closer to the 2,000 mark. We will just have to wait and see. More good news is that the average mortgage interest rate is 5.92% compared to 6.07% in February of 2006.
Posted in:General
Posted by David W. Welch on March 9th, 2007 6:05 PM

No major changes in the market this week. There was a report in the Orlando Sentinel this week that population growth in Central Florida has slowed slightly. There are only 87,000 more people living here. Central Florida now accounts for 3.5 million of the state's 18 million people.
Posted by David Welch on March 23rd, 2007 9:31 AM

March sales were announced this week, and they are up from February. There were 1,665 sales in March compared to 1,541 the month before. However, the median sales price was down from $255,000 to $240,000. The unit sales are still down compared with 2006 by over 42%. All this combined to improve Orlando's affordability index from 87.1% to 93.6%.
Posted by David Welch on April 13th, 2007 3:01 PM


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