Orlando Real Estate News

Are we at the bottom yet?   Well all indications that the massive price reductions are slowing and the number of homes that are selling quickly are on the rise.   According to a recent Trulia report the number of home owners keeping their price steady are on the rise.

The average discount held steady at 11 percent.

Trulia reports a 50 percent drop in cities with price reductions of 30 percent or more on average, with only seven major cities reporting such cuts at the beginning of the month.

Regionally, 20 percent of listings in the South and 22 percent of listings in the West, Midwest, and Northeast experienced price cuts.

 "I expect reductions to rise again as the tax credit extension deadline approaches, but I also expect mortgage rates to rise, so they may cancel out the savings [from list price reductions]," says Trulia CEO Pete Flint.

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If you want to sell your Seminole County or Orlando area home in the next 6 to12 months, now is the time to begin putting your plan into place while time is still on your side. Please contact us for any real estate assistance you may need.

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