Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

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Real Estate Market Statistics for Orlando as of April 2007

May 2nd, 2007 · No Comments

The real estate market numbers here in Orlando continue to deteriorate in our tradtitional peak season which lasts from Spring Break to the end of Summer Vacation where many residents plan their move before resumption of the new school year. Last year was the first year in about a decade where the traditional peak season for real estate in Orlando did not take place and it looks like this year we’re off to a sluggish start for this period with inventories at a 24 month high and less properties selling each month. Money magazine predicts the Orlando market to decline another 4-5% in 2007 and the numbers seem to coincide with their prediction. The link to the forecast for Orlando and other major markets can be found here http://money.cnn.com/2007/04/09/real_estate/forecast.moneymag/index.htm

Tags: Market Statistics