Orlando Sales Activity Picks Up As Prices Dip Low Enough To Attract New Buyers

Average Monthly Mortgage orlrealtor.com

This is information sent to us by Jean Gillen, our Orlando broker.
It is clear that since prices in Orlando have gotten to a low enough point, there is an uptrend in buying of existing homes.
We can see that the total inventory of existing houses for sale is steadily going down. This is a very positive trend and signals the beginning of the road towards stabilization in that market.
New home buyers are jumping in in ever increasing numbers. Investors (well-qualified ones) are inching back in as well.
We are seeing similar trends in markets like Phoenix and Cape Coral as well.
From the standpoint of the economy, these are encouraging trends – they signal the road to normalcy.
From the standpoint of real estate investors – this is a signal that the window of the greatest opportunity is starting to show signs that it will close. The length of time is unclear and is most likely measured in months. Perhaps many months. Nevertheless it is important to note this trend: prices are low enough for all kinds of buyers to start engaging. Inventory is starting to diminish. Contracts are rising and new listings are falling.
Those investors with the capacity to buy – this is most likely the time.