Homes.org Provides Professional Analysis of the Orlando Real Estate Market

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The latest Homes.org market report features the real estate market in Orlando, Florida providing analysis on the most recent trends and forecasts for what's to come in 2012 based on recent activity in the area.

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There has been a five-year trend of median price decreases from December to January, starting back in December of 2007.

The latest Homes.org market report provides analysis on the health of the Orlando real estate market based on recent sales reports and insight from local professionals. The report is the latest installment of an in-depth series that features local real estate markets across the nation, providing buyers and sellers with a better understanding of what's happening in their local area rather than relying on national statistics that can be misleading.

Recently, Orlando Florida was included in the Homes.org's Top 9 Real Estate Markets to Watch in 2012 as well as Realtor.com's list of Top 10 Turnaround Towns. Like many other improving real estate markets, Orlando is experiencing increased interest due to better affordability. However, prices are showing signs of stabilization and in January of this year the median sales price rose compared to last the same time last year due largely to a significant drop in the number of foreclosures. Even though the median sales price was down from the December 2011 numbers Orlando Regional REALTOR Association chairman Stephen Baker isn't worried, "there has been a five-year trend of median price decreases from December to January, starting back in December of 2007."

Though the average mortgage interest rate is just 4.01%, lending is still very tight and the majority of sales in Orlando are paid for in cash, 53.97% in January to be exact. That signals high interest among investors that are astute to the fact that there are great deals to be had in Orlando right now.
Orlando Real Estate Market Latest Information and Statistics

County: Orange County

Zip Codes in the City: 32801–32899

Population (City): 238,300

Population (Metro): 2,134,411

Total Households(2006-2010): 97,661

Median Home Value (2006-2010): $217,500

January 2012 Median Sale Price in the Orlando regional area : $108,000

  •     Normal Sales - $140,000
  •     Short Sales - $90,000
  •     Foreclosures - $85,000

January 2012 Homes Sales in the Orlando regional area: 1,677

  •     Single Family - 143
  •     Condos - 275
  •     Duplexes / Townhomes - 160

Foreclosures (Orange County): 1 in 250

Renters vs. Owners: 59.8% vs 40.2%

Type of Home:
20% Single Family
17% Condo
63% Other

Popular Orlando Neighborhoods Seeing Improvement in Sales

  •     Central Business District
  •     Delaney Park
  •     Metro West
  •     Rosemount North
  •     South Semoran
  •     Windhover

To learn more about homes for sale in Florida or to find a licensed agent in FL please visit: Homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures®

Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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Ace Elliott
Homes.org
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