South West Orlando Market Update

Wed, Apr 11, 2012 at 10:15AM

Spring 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Orlando Southwest. Low rates with falling home prices makes a home purchase a great value!
Average Home Price	$225,000 -

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	10-30 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$100,000 - $149,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Orlando Southwest is	Increasing

Seller Activity for the past 90 days in Orlando Southwest is?	Decreasing

Multiple Offers?	Yes

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	25-30%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Limited Supply

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Good economic news

Nearest Metro Area	Orlando

Housing Hot Spots	Most cities within the Orange County area are considered ’Housing Hotspots’

Average Sold Price	$225,000 -