We all know how the real estate market has declined the past few years in Central Florida and nationwide for that matter, we hear it daily. But like a fighter on the ropes TeamConnect sees areas fighting back with a couple of quick jabs and an occasional upper cut to a few local real estate markets.
With 75 pending sales as of this writing in Dr Phillps and 109 in Windermere and 34 homes closed in Dr Phillips and 37 closed in Windermere the past 30 days it’s a nice start going into the summer months. Don’t get me wrong we are in a buyers market and will be throughout 2008 but compared to last years 4th quarter where the real estate market was frozen it’s a start climbing out of the hole we dug ourselves in. Basic economics is gradual price reductions until value comes back, the good news is we are seeing this in communities that were highly sought out before the down turn.
