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Orlando Housing Market Snap Shot March 2013
As I am typing this I get the sense that our housing market is getting very healthy! I took a quite look back and found that for Single Family homes in the 2000-2200 square foot range in zip code 32828 in 2012 the average sales price was in the mid 180's . Now after taking a peek at the same specs from January 1 of this year to March I have seen a nice jump to just over 210K. I must confess I like what I am seeing, additionally the time it takes to move such property is rather quick. I am seeing these houses move fast and some for CASH! I am guessing there is some pent up demand for single family homes. Interest rates are under 4% certainly an historic low and inventory is also low. In Central Florida as of this post just over 7K properties are in inventory, that's a little over 3 months of supply. It willRick Web site be interesting to see how the coming months play out in housing in Central Florida.
Thursday, January 27, 2011
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