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!