Is that the bottom I see

Central Florida’s real estate market is starting to see some real activity but don’t just take it from me.  If there is one thing I think we learned going through these rough economic times is  “Trust but verify”  - President Regan.  

Let’s look at the numbers from the Orlando Regional Realtors Association…

New Listings in Central Florida

The decline in new listings is good, less homes being offered for sale will help bring the Central Florida market closer or I should say headed toward, equilibrium. 

New Listings

Under Contract

Contracts pick up this time of year going into Spring but these types of increases so early in the year are indications buyers are seeing value after two years of declining home prices.

New Contracts

 
Total Under Contract

Total pending sales (under contract) shows a dramatic increase of homes that are headed for the closing table.  Less homes on the market and financially healthy buyers in them again will help stabilize the housing market.

Total under contract

While inventory levels may be declining Central Florida still has too many homes for sale keeping  us in a buyers market through out 2009. 

There was a special aired in the United Kingdom this past week which tells us a little about where Central Florida real estate market is in regards to hitting bottom and starting the slow climb up. 

The special was talking about the Florida real estate market and particularly about the Dr. Phillips real estate, community.  After talking to many of the buyers that logged on to our web site (which saw an increase of 306% reported by google analytics) there were two that thought the special was a rerun looking at the prices, but soon figured out the special was about today’s real estate market and prices.   After a busy week getting back to UK buyers we know the United Kingdom consumers see value in Dr. Phillips communities and the Central Florida’s real estate market and we welcome them back

CENTRAL FLORIDA MLS

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