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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The Ocoee Market Making Remarkable Strides Toward Recovery

December 1st, 2008 · No Comments

With all the bad news floating around about real estate, the market in Ocoee is remarkably showing improvement. Perhaps real estate is local after all, but there are some startling statistics. The price per square foot has dropped from $137 per foot a year ago to $100 and although the median price has dropped from $301,000 a year ago to $251,000, the level of inventory has dropped to 13.7 months from its peak of 35.5 months in February of 2008 which is definitely a good thing. Considering that the inventory stands at 24 months for Orlando, I’d say Ocoee is faring quite a bit better in this department. Excess inventory is one of the major keys to market stabilization and Ocoee appears to be on track. Let’s hope this trend continues for all our sakes.

Tags: Market Statistics by Zip Code