Early reports indicate that the number of homes sold in January 2008 in Orlando is well off the pace of home sales for January 2007.
This is mirrored through-out Central Florida as home sales are indicated to have dropped 40-60% off of January 2007 numbers.
This would seem to suggest that the market correction for Central Florida is still in full swing. Final January closed sales numbers appear that they will be lower than December 2007 sales as well.
Recent activity within our Orlando area office has increased over the past few weeks. Orlando/Maitland’s Watson Realty office actually reported an increase of new business in January 2008 as compared to January 2007. This increase should translate into an increase of sold production in February and March.
Related Florida real estate views:
Orlando home sellers: giving in, selling or losing their home?
You can afford an Orlando home
Why would anyone offer to buy a home at list price or above in this market?
- Greg Staker - Watson Realty Corp. - 407-304-0255
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