Number of Homes for Sale in Orlando Down, Prices Up – The number of unsold homes for sale in the Orlando MSA dropped for a fourth straight month to 19,759, while prices edged up slightly to $106,000. This forth straight month of reduced inventory and slight increase in home prices point to a more balanced Orlando real estate market, following the various attempts by the Federal Government to stimulate the housing market. Orlando’s median prices now at $106,000, up for a third straight month following the decline after the Home Buyer’s Tax Credit, showing a stabilization of home prices post Government stimulus.
Orlando’s Median Home Price Up to $105,000 While Inventory of Unsold Homes Declines For a Third Straight Month in September 2010 – The number of unsold homes in the Orlando MSA decreased in September for a third straight month to 21,003 units. This third straight month of reduced inventory may be the cause for the median price increase this month to $105,000, which is up after three months of price decline following the Home Buyer Tax Credit. The 21,003 unsold homes bring the inventory months on hand (MOH) of unsold homes to 7.36 MOH.
Orlando Inventory of Unsold Homes, down by 41 Units in August 2010 – The number of unsold homes in the Orlando MSA decreased in August by 41 homes, after increasing for the past three months. August ended with the number of unsold homes in the Orlando MSA down to 21,185, from the 21,226 homes at the end of July. The 21,185 unsold homes bring the inventory months on hand (MOH) of unsold homes to 6.91 MOH, which is down from 7.42 MOH this July.
Orlando’s Housing Market Continues To Move Closer To A Balanced Buyer/Seller Market – The number of unsold homes in Orlando decreased significantly in April by 939, bringing the total number of unsold homes to 19,797.
Orlando's Housing Market Makes a Big Move Closer to a Balanced Buyer/Seller Market – While the number of unsold homes in the Orlando ticked up slightly for the second month in a row to 20,736 in March, the housing inventory months on hand (MOH) actually declined to a near balanced market of 6.57 MOH, down from the 8.71 MOH in February.
Orlando Property Taxes | Frequently Asked Questions - Tax season is approaching and I am getting more and more questions about property taxes. Questions like, what are property taxes? How much are property taxes? How do property taxes affect buyers and sellers? Let me start out by stating that I am not a property tax professional. And I highly recommend that you seek professional tax advice when you have specific questions about taxes. Now, let me see what I can do to clear up some of the basics.
"You can't judge a book by its cover" may be great advice but today's home buyers won't do more than glance at your home, "the book," unless it has something that draws them in. Furthermore, you need to ensure that your home doesn't have issues that may actually repel buyers. If you want buyers to look at more than just "the cover," and seriously consider buying your home you will need to prepare your home to make a great first impression.
Log-jam in Orlando’s Short Sales Market Getting Worse? - Over the last few years we have seen an overwhelming build in the number of short sale homes for sale in the Orlando market. As the number of short sale listings have increased, we have seen very few closing actually taking place.
Orlando’s Real Estate Market Slows in January – Inventory Increases: The number of unsold homes in the Orlando area increased in January to 20,475, which is up 1,572 homes from the 18,903 available homes in December. This increase in available homes brings an end to the recent trend of home inventory reductions.
If you mentioned a short sale five years ago many people wouldn't have known what you were talking about. Times sure have changed, and most people now realize that if you need to sell your home, and you owe more than it's worth, you will in most cases want to consider selling your home as a short sale.