Orlando Real Estate Market Update Video

by | Jan 25, 2010

This short video is provided by the Orlando Regional Realtor Association (ORRA) and talks a bit about the current Orlando real estate market.

According to ORRA, 2009 was the year the market took some healing steps towards a balanced, normal market. The combination of low interest rates, pent up demand, historic affordability and the federal first-time home buyer tax credit all helped to increase market activity. In fact, as opposed the prior two year, 2007 and 2008 where sales had dropped almost 40% and 12% respectively, 2009 finished with a 59.3% sales increase. Almost 24,000 homes sold – not bad! And with all this demand, the supply of available homes has dropped to around 15,500 homes (down over 30% from 2008!) which in months supply of inventory equals about 7.5 months. Compared to a balanced market which should have about 5-6 months of supply, the Orlando real estate market is definitely getting a lot closer to that.

So without further ado, here’s the current Orlando real estate market update video …

[hana-code-insert name='ORRA Jan2010' /]

Written By Claudia

Hi, my name is Claudia Mundlos! I moved from Germany to the USA in 2004 and now live in Sanford, FL. As a Realtor with Charles Rutenberg Realty I work in the entire Orlando area to help people like you realize their dreams of home ownership. Being a creative at heart I am passionate about design, no matter if Graphic, Web or Fashion 😉 Feel free to follow me on twitter or my blog about Sanford FL. Claudia on Google+

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