Chicago and Southern Illinois Real Estate Happenings

So far we are in the 4th month of a strengthening
central Florida real estate market!

• Compared to last year in June, there are almost 200 MORE
  contracts being written per month.
• The median asking price of homes rebounded to
  $217,500 from $211,400 last month, indicating a
  heating up market.
• The listing inventory decreased by 440 homes from last
  month. This is a current trend and has been for the last 4
  months.
• Compared to last year there are almost 1000 less homes
  on the market in central Florida...another indicator of a
  balancing market.
• We have a 17.3 month supply at the current rate of sales.
  This follows a downward trend over the last 4 months from
  a high of a 31.64 month supply of homes in January 2008.

Here is a post with another link to an even earlier post about what I
saw was happening in the central Florida real estate market.

Central Florida Real Estate Happenings..... The market is slowly turning around...

That post basically says what I have been saying all along..... the market will NOT crash..... it will skitter along and then pick back up.

This little post about the
central Florida real estate
market is brought to you by:

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

Beach and Luxury Realty Inc.