Greater Orlando Real Estate Blog
The slow real estate market is taking its toll on the once almost immune Luxury Home Market segment. Previously luxury home sales remained substantially constant despite downturns in the non-luxury market. This was due to several factors:
· Blimps in the economy have had less impact on the wealthy
· Real estate has proven to be a [...]
February’s Median Sales Price for homes sold was $223,000, up slightly from the January median sales price of $221,500. The average price, however, decreased to $276,200, down 14.4%% from January. The number of homes sold, however, increased from 813 homes sold in January to 932 homes sold in February. January’s volume of 813 was the [...]
The National Association of REALTORS, a.k.a. NAR, is predicting a flat market for existing home sales over the next few months, and then gentle relief to the housing market in the 2nd half of this year. Many buyers having been sitting on the fence, waiting for the “bottom of the market”. It’s time to move to [...]
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