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General Market Indicators - 11-09-2007

Average home prices and amounts of sales are continuing on a steady decline.  Average home prices are down anywhere from 4% to 18%, depending on the area.
For detailed results, go to Gitta’s Orlando Real Estate Blog now.

Orlando General Real Estate Market Indicators - October 2007

General Market Indicators

While many in the press insist that the Orlando real estate market in an envious position compared to many other areas of Florida or the country, the facts indicate that we are suffering.  In fact, the market conditions are just outright terrible!   For the full report, view Gitta’s Blog now.

Orlando General Real Estate Market Indicators - September 2007

This week, the market actually took a turn for the better by a reduction of the overall inventory from 31,500 homes to 31,100.  This is a welcomed occurrence. We hope this will continue in the future and the market will stabilize.  Because of the increase in unemployment numbers, we are going to see a reduction […]

General Market Indicators - August 2007

General Market Indicators - August
Available home inventory for the four metro counties has actually remained the same as last week, sitting at 30,600. While this number is still very high, it has remained stable for the past two weeks. This is good news.  Hopefully, this is an indication of future drops in the available home […]

Monthly Market Conditons - Winter Park, Florida

Unfortunately, Winter Park is also falling victim to the stagnant real estate market. It has an oversupply of homes and sluggish buyer demand. A strong buyer market is in place. There is no short term improvement forecast for market conditions. A huge supply of inventory needs to be sold off. As of the end of […]

Monthly Market Conditons - Oviedo, Florida

Oviedo, like surrounding areas, is having huge oversupply of homes. The market currently has 10 months of unsold inventory. It also suffers from sluggish buyer demand. There is no short term forecast for improvement in market conditions. As of the end of July, there were 737 homes for sale. Only 72 have been sold over […]

Monthly Market Conditons - Orlando, Florida

The Orlando market is suffering form a huge oversupply of unsold inventory and a sluggish buyer demand. However, with all of the bio-research companies entering into the market, it will strengthen in the long-term. Meanwhile, over the next 24 months, we will see some definite erosion of home values while we go through this adjustment […]

Monthly Market Conditons - Lake Mary, Florida

The Lake Mary market is suffering from an oversupply of homes and a sluggish buyer demand. A strong buyers market is in place. There is no short term improvement forecast for market conditions. A huge supply of inventory needs to be sold off. As of the end of May, there are 537 homes for sale. […]

Monthly Market Conditons - Heathrow, Florida

As of the end of July, Heathrow has 174 active homes for sale. The high price is $4,650,000 and the low price is $190,000, while the average listed price is $699,236. Only 17 homes sold in the past 30 days which creates 10 months of unsold inventory. The average selling price is $536,873, with the […]

Monthly Market Conditons - Winter Park, Florida

Winter Park an old and distinguished address in Central Florida, located on the North East side of Orlando. Minutes from downtown, it is convenient to all of downtown amenities while maintaining a peaceful atmosphere. Winter Park offers some of the most picturesque areas and some of the best window shopping opportunities in greater Orlando.
Founded in […]

Monthly Market Conditons - Oviedo, Florida

Oviedo, like surrounding areas, is having huge oversupply of homes. The market currently has 10 months of unsold inventory. It also suffers from sluggish buyer demand. There is no short term forecast for improvement in market conditions. As of the end of July, there were 737 homes for sale. Only 72 have been sold over […]

Monthly Market Conditons - Orlando, Florida

Orlando is a thriving major city located in Orange County, Florida. The city is in the top 20 media markets in the country and is home to plenty of tourist attractions. Of these, most notable are Disney, Epcot, SeaWorld, and Universal, just to name a few. It is also centrally located. Just a 45-minute drive […]

Monthly Market Conditons - Lake Mary, Florida

Lake Mary, incorporated in 1973, is located in Seminole County and is a popular area for businesses. It is located near the rapidly expanding high tech business center near Heathrow. As well, it’s a sought-after location for families with children, as the area boasts some of the best public schools in Florida.
Property types include a […]

Monthly Market Conditons - Heathrow, Florida

Heathrow is a beautiful gated community with golf course and homes priced from the low $300,000s to over $5,000,000. The community is a part of the Lake Mary Market and is conveniently located near Lake Mary Blvd. and Interstate 4. Heathrow boasts a variety of single family homes, townhomes and condos, with some having the […]