Chicago and Southern Illinois Real Estate Happenings

Just as I have stated in past posts, in defiance of
what the media is pushing on the unsuspecting
populace:

• The central Florida real estate market is going to come down gently and the bounce right back.
• The three County central Florida statistics for
  February, March and April of 2008 show life in the market coming back.
• May 2008 shows the SAME trend as the three previous months!

Here is MORE hard data showing the above statements to be true!

• The Orlando Regional Realtor® Association
  reports a steady, yet modest "month-to-month
  increase in the number of home sales, an increase
  in the number of contracts pending, and a decrease
  in the amount of inventory. "
• As a result of the increasing demand, median sales
  prices "of a home in the Orlando area in May rose to
  $214,000, a 1.42 percent increase over the April 2008
  median of $211,000. "

• Also inching upward, "the area's average interest rate
  was 5.94 percent in May 2008, up from 5.77 percent
  in April."

Buyers, get your finances in order, the time is NOW to purchase
a central Florida real estate property.

This central Florida real estate
market report is brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Sales Leader

Beach and Luxury Realty Inc.

Quotes are taken from the Orlando
Regional Realtor® Association.