Orlando, Fl – In the Central Florida real estate market (only including Orange, Seminole and Osceola counties), there are 24,657 properties on the market with 4289 being NEW listings to come on the market in October.  In the entire Orlando area real estate market, there are thousands of new homes to be built by home builders including: Centex, Ryland, D.R. Horton, Pulte, M/I, David Weekley, Meritage and KB Homes.   With only 2679 single famliy homes PENDING currently, we still have a long way to go in order to start earning positive returns on our #1 investment, the family home.

Inventor for Nov. 2008

According to the Orlando Regional Realtor Association, “Osceola County for the second month leads the Orlando area in increased sales activity. Sales in that county jumped an impressive 47.26 percent in October 2008 compared to October 2007; last month, the comparison increase was an astonishing 77.38 percent.”

The local experts are predicting that we will continue on a decline over the next 12-18 months, with normal appreciation (3-5%/year) returning in the late part of 2009.  I personally think that the local growth will continue and our area will see those returns a bit sooner…..possibly as early as summer 2009.

I believe we live in a great part of the country that offers phenomenal weather, plenty of shopping spots, great restaurants and friendly people.   The more the word gets out about all Central Florida has to offer, the more likely we will see the real estate market locally get back to normal!  To find out more, or to discuss how I can help you relocate to the Orlando area, call me at 321-662-1025 or email me: erikh@kwerik.com.

My Real Estate Websites including homes for sale in Orlando Fl, Lake Mary Fl, Winter Park Fl, and the surrounding areas:

www.OrlandoAreaDreamHomes.com

www.EastOrlandoDreamHomes.com

ErikHansen.YourKWAgent.com

Thanks for reading and be sure to comment if you have thoughts about this or any other posts on this blog!

Erik Hansen     Cell: 321-662-1025

Real Estate Consultant

Keller Williams Realty