Thursday, July 28, 2005

Orlando Real Estate Market Going Insane

  • Orlando Real Estate Market is crazy with low inventory of homes, with more Orlando area homebuyers, than Orlando homes for sale. Orlando is ranked number three in the state of Florida for job growth. Almost every homebuyer in Central Florida is a having a bidding war just to get the property for sale causing many home buyers to bid over full price and still not get the property. Each month the average Orlando home price increases making it more difficult for first time home buyers to buy in the Orlando area. The average home price is over $240,000.00. Home prices have appreciated 37% over the last year. That's when the services of an Orlando Buyers Agent are needed. Looking for a home in Orlando? It important to get your financing in order before offers are submitted, such as applying for loan application, because of the competitive bidding. If you need a mortgage broker, we can suggest one. Call us.