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August 13 2009

Homes for Sale - Orlando Market Conditions July 2009

by brook

Although many Florida cities are experiencing a sizeable market recovery, it appears that Orlando is close to leading the pack. The Orlando Business Journal reported today that home sales in Florida are starting to rebound, as affordability pushes many who were on the fence back into the housing market – with Orlando sales up by 36 percent.

New Orlando Homes

Statewide, sales of existing single-family homes in Florida rose 23 percent in the second quarter year-over-year, according to a statistic the journal acquired from the Florida Association of Realtors. The total number of homes sold during the quarter was 43,125. The report revealed that Orlando single family homes, condominiums, and townhomes accounted for 6,074 of the homes sold. This is an increase from the 4,477 sold in Orlando in the same period last year. 

It's a growing reality that a home in Orlando is an interesting prospect to a wide variety of demographics: including young professionals, families, and retirees. In recent years, the city has become known for far more than amusement parks; job opportunities in growing, exciting career fields, in addition to attractive, affordable housing options, are all part of what this city has to offer.

 

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