[sunrico90]

Now this is contradicting to the negative reports for Orlando.

As widely predicted, existing-home sales in the core Orlando market last year were the second-best in history, topped only by 2005's frenzied market, the Orlando Regional Realtor Association reported.

The 27,378 homes sold through members of the association in 2006 were down from the record of 31,230 in 2005 but ahead of the 26,088 transactions recorded in 2004.

And despite the drop in sales from 2005 to 2006, the median sales price in the core market – mainly Orange and Seminole counties – continued to rise. The December median – half sold for less and half for more – rose to $250,00, up 4.21 percent from December a year ago.

[pslOldTimer]

Now, c'mon, sunrico, don't go confusing all the fear-mongers with facts...

[Shores9]

Originally Posted by pslOldTimer

Now, c'mon, sunrico, don't go confusing all the fear-mongers with facts...

sunrico, pslOldtimer is right. This may be a bit much for all those folk to grasp

[josephhawkinson]

FL real estate is tanking and has been tanking for a while. Unlike some realtors put it things aren't as rosy in the lala land and fortunately people KNOW it already. Ask my friend who still cannot sell his Orlando two story house for over a year, after I do not know how many price cuts. Remember things got really worse in the second half in Orlando so the first 6 months of strong sales may make the year look OK.

For the rest of FL, especially South FL sales started falling since Nov 05 and has been going downhill.

Some areas having 2 years of inventory I do not think this situation is getting better anytime soon. Prices keep coming down and at some point in the next two years we will have a healthier market.

For now what you are saying is "wishful thinking"

"motivated" sellers and "know it all" realtors lining up make room for flippers

me ?

I will keep watching, can you pass me some popcorn please ?

[sunrico90]

Originally Posted by josephhawkinson

FL real estate is tanking and has been tanking for a while. Unlike some realtors put it things aren't as rosy in the lala land and fortunately people KNOW it already. Ask my friend who still cannot sell his Orlando two story house for over a year, after I do not know how many price cuts. Remember things got really worse in the second half in Orlando so the first 6 months of strong sales may make the year look OK.

For the rest of FL, especially South FL sales started falling since Nov 05 and has been going downhill.

Some areas having 2 years of inventory I do not think this situation is getting better anytime soon. Prices keeping coming down and at some point in the next two years we will have a healthier market.

For now what you are saying is "wishful thinking"

Read the news: http://www.orlandosentinel.com/busin...home-headlines
Posted January 10, 2007, 4:03 PM EST

[josephhawkinson]

you read this:

Among the state’s larger markets, theOrlando metropolitan statistical area (MSA) reported 1,705 existing homes sold last month, compared to 2,656 homes sold a year ago for a 36 percent decrease. The market’s median existing home price increased 4 percent to $263,600; a year ago, it was $254,600. A total of 276 existing condos changed hands in Orlando in November for a 41 percent decrease over the 467 condos sold the previous year. The market’s median existing condo price was $171,800; a year ago, it was $182,400 for a 6 percent decrease.



from FL realtors association website

[josephhawkinson]

For statewide info :

ORLANDO, Fla. – Jan. 2, 2007 – Sales of existing homes and condos in Florida were down in November – traditionally a slow month for the housing sector; at the same time, many markets reported that the inventory of homes available for sale continued to stabilize. A total of 11,912 existing single-family homes sold statewide last month, a decrease of 30 percent from the 17,088 homes sold during the previous November, according to the Florida Association of Realtors® (FAR). The statewide existing-home median price was $242,500 last month; a year ago, it was $250,400 for a decrease of 3 percent, according to FAR.

[sunrico90]

Originally Posted by josephhawkinson

For statewide info :

ORLANDO, Fla. – Jan. 2, 2007 – Sales of existing homes and condos in Florida were down in November – traditionally a slow month for the housing sector; at the same time, many markets reported that the inventory of homes available for sale continued to stabilize. A total of 11,912 existing single-family homes sold statewide last month, a decrease of 30 percent from the 17,088 homes sold during the previous November, according to the Florida Association of Realtors® (FAR). The statewide existing-home median price was $242,500 last month; a year ago, it was $250,400 for a decrease of 3 percent, according to FAR.

Check the Orlando Regional Realtor Association they are posting the data...