Real Estate Update

It appears the Orlando area is beginning to see some of those closings that were held up due to all the hurricane activity in August and September finally close. However, we are still 27% behind last October’s sales figures. Overall, though, 2004 is still poised to be the best year on record for home sales – not only in Orlando, but nationwide. After the delays from the hurricanes play out, the only non-acts of God on the horizon that threat the housing industry are inflation from the growing federal deficit and rising oil prices.
From The Orlando Regional Realtor® Association

For more information on homes for sale in the Central Florida area.

To view graphs for inventory, new listings, ave. mortgage rates and sales pending.