Florida’s existing home and existing condo sales continued to show gains in October, according to the latest housing data released by Florida Realtors®. Existing home sales increased 13 percent last month with a total of 13,755 homes sold statewide compared to 12,145 homes sold in October 2010, according to Florida Realtors. Below are details on Orlando FL Existing Home and Condo Sales, November 2011 versus October 2011, including benefits and considerations of each.
Existing Home And Condo Sales, November 2011
These numbers, combined with reports from Realtors throughout the state, indicate that we’re seeing strong interest in purchasing Florida real estate from smart investors who are taking advantage of the current favorable market conditions, Most investors are buying and have a long-term outlook and plan to hold onto their property purchases for a while. Seventeen of Florida’s metropolitan statistical areas (MSAs) reported higher existing home sales in October; 12 MSAs had higher existing condo sales.
October 2011
Bot sales and prices are above where they were this time last year,” noted Florida Realtors Chief Economist Dr. John Tuccillo indicates in his latest report. “The monthly median prices have ticked down slightly for the past few months, but the overall trend continues to show gains year-over-year”. As your local Realtor, I am definitely seeing an increase in market activity both in the vacation market sales and resales.
confidence is growing.
Orlando FL Existing Home And Condo Sales, November 2011 versus October 2011
In high demand zip codes like Lake Nona, or Downtown Orlando, we are seeing a definite increase and I expect this to continue until prices start moving upward. In Florida’s year-to-year comparison for condos, 6,132 units sold statewide in October, a 12 percent increase over the 5,473 units sold in October 2010. With new financing programs in place to assist underwater homeowners, combined with low interest rates, we are poised for recovery.
This information on Orlando FL Existing Home and Condo Sales, November 2011 versus October 2011 was prepared by Paul Ditmar, Real Estate Consultant at US Condo Exchange, LLC. For additional information on Existing Home and Condo Sales, November 2011 versus October 2011 or similar topics, contact Paul at 321-914-4200/407-963-4061 or paul@paulditmar.com.
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