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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Not Too Far from the Bottom

June 19th, 2009 · No Comments

heatThe real estate market is heating up… literally. With the blazing summer heat, the real estate market in Orlando traditionally heats up alongside the rising temperatures.

Really, there’s no correlation between temperature and the real estate market. It’s actually because the summer is the easiest time to move for people with kids in school. If you’re gonna change schools or just move to a different home, it’s a heck of a lot easier when school’s out.

If the market continues it’s improvement, Orlando will finally see an end to declining prices by the end of the summer.

We’re currently at around 10 months of inventory of homes for sale and prices will stabilize when we hit 6 months.

So for those who have been waiting to time the market at the very bottom, we’re getting dang close. The end is near my friend, provided we don’t see another influx of new foreclosures coming on the market and the first time home buyer tax credit actually spurs people on to buy before it expires at the end of 2009.

Tags: Market Forecast