The Orlando Regional Realtor Association released their latest statistics for the real estate market here in October and it’s just more of the same with high inventory and low number of sales. The bright spot is the mortgage rates coming down. We’re still looking at about a 2 years supply of homes on the market and we need to get to a 6 month supply which is typical for a stable market. I can’t believe I’m hoping for a stagnant market, but it’s a heck of a lot better than what we’re looking at these days.
No Improvements in October for Orlando
October 9th, 2008 · No Comments
Tags: Market Statistics