According to information release by the National Association of Home builders, new home sales are dropping even as the peak-buying season begins.
According to the news release,
“In the latest evidence of severe and ongoing weakness in the nation’s housing market, the Commerce Department reported today that sales of newly built, single-family homes fell 2.5 percent in May to a seasonally adjusted annual rate of 512,000 units, largely offsetting a gain they recorded in the previous month.”
Thus far this year in Orlando, 56 new homes built in 2008 are reported as selling in the MLS as compared to 81 last year during the same time period. There are 207 new homes available for sale in the MLS that are recorded as being constructed in 2008.
Related Florida real estate views:
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Solivita developer Avatar expects no immediate improvement for the market
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- Greg Staker - Watson Realty Corp. - 407-304-0255
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