Orlando market is stabilizing

Good news for the Orlando Real estate market. The latest numbers issued by the Orlando Realtor association show a promising stabilization of sales. The number of new listings is declining and the number of sales contracts has been on a steady rise for the last couple of months. The inventory has shown to be stable, although on a historically high level. Some markets like the Miami Dade market in South Florida has still rising inventories of 80,000 units for sale which amounts to a whole city. Fairly good employment rates and a strong tourism industry helps central Florida to maintain a stable local economy. Low interest rates and corrected pricing make homeownership affordable for entry level home buyers that seek the opportunity to enter or re-enter the housing market. We will monitor the sales as they develop this summer and update you on the recent trends. If you have questions about value or any real estate related topic, please don't hesitate to call.