From today’s ORLANDO SENTINEL…another press report on the rebounding Orlando housing market in 2013.
A great time to buy ……. and sell!
Demand for resale homes in the Orlando area outstripped the supply so much in April that more than a quarter of the properties sold for more than their asking price, according to the Orlando Regional Realtor Association.
The median price of last month’s existing-home sales reached $145,000 – an increase of 24 percent from a year earlier and the biggest 12-month increase since January 2006, near the height of the homebuying frenzy.
The percentage of houses selling for more than their list price was high a year ago but was even higher in April:
A year ago, 22 percent of the core market’s 2,436 resales went for prices that exceeded what was asked for in the listing;
last month, more than 26 percent of the 2,689 closings went for more than the asking price, the Orlando Realtor group reported Wednesday.
The current sellers’ market has left buyers with so little room to negotiate that sales prices overall were 96.85 percent of the asking price in April – their slimmest margin since March 2006, according to the Orlando Realtors report.
Helping power the sellers’ market is a 2.68-month supply of listings – less than half what is considered healthy for a market in balance. Homes that sold had been on the market an average of 76 days before coming under contract in April; a year ago, they had spent 87 days on the market.
Why not let the BRITISH HOMES GROUP help you sell (“list”) your Florida villa quickly?
Thousands of our clientele in the UK and around the world are actively looking to invest in their very own place in the Florida Sun – right now!
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