Finally some good news for the Orlando Area Real Estate:
On April 14,2008 the Orlando Regional Realtor® Association revealed that there has been an increase in the number of home sales, an increase in the number of pending sales contracts, and a decrease in the amount of inventory.
The median sales price of a single-family home in the Orlando area decreased by 1.35 % ($3,000)
from $223,000 in February 2008 to $220,000 in March 2008.
The median sales price for March 2008 is 8.33 % below that of March 2007 ($240,000).
The number of sales in the Orlando area declined by 39.29 % in March 2008 compared to March of last year (1,080 to 1,779), but the number of sales that took place in March 2008 increased by 13.56 percent compared to the number of sales that occurred in February 2008 (951).
The area’s average interest rate was 5.94 percent in March 2008, up from 5.87 percent in February but down from 2007’s high of 6.60 percent in August.
