Pent-up demand could finally be working its way through the market. Pending home
sales rose sharply in October according to the National Association of Realtors®.
Below are details on Orlando FL YTD 2011 versus YTD 2010, including benefits and considerations of each.
YTD 2011
The latest statistics reveal that contract signings rose 10.4 percent for the month and
are now 9.4 percent above 2010 levels.
YTD 2010
What has spurred this upswing? Most local Realtors believe it is partially due to the
high levels of affordability we now see in areas all across Orlando. Personally, the
recent pending home sales report is a hopeful sign. “Home sales will increase due to
lower prices and low level interest rates that are hovering at record lows. Reports
indicated here in Orlando is a pent-up demand from buyers who normally would have
entered the market in recent years. We believe this is indicates more buyers are taking
advantage of the excellent affordability conditions.”
Orlando FL YTD 2011 versus YTD 2010
Hot areas in Orlando are in high demand such as Lake Nana’s Medical City and
Downtown Orlando and Baldwin Park.
For additional information on YTD 2011 versus YTD 2010 or similar topics, contact Paul at 321-914-4200/407-963-4061 or paul@paulditmar.com.
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