Central Florida Home Sales slow but prices rising

Orlando Area Home Sales may have slowed but the median price is on the up again! The median price for existing home sales in the area is up 1.61% on June 2006. This is great news, however inventory is at a historic high topping 25,000 homes - inventory has risen by 41% this year alone! Now it would take 18 months to clear inventory when 2 years ago there was only 2 months of inventory.

This is great news, home values are stable and on a slight increase fueled by international buyers and wealthy buyers purchasing second homes. All taking advantage of the huge selection of home. A true buyer market.

From an international buyers perspective - especially a Brits - the exchange rate is at its best, with the dollar the weakest in over quarter of a century.

The time to buy is now!

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