The December 2007 statistics finally 
show what I have been saying all this time:
The median home sales price has DROPPED like a STONE to
$233,900! That is a drop of $11,000! Along with that, the
inventory of homes on the market dropped by 1,874 in one
month.
That one, two punch shows that the market is starting to stabalize.
The decrease in the median home price to $223,900 brings the
area's affordability index to 100.3 percent. (An affordability index
of 99 percent means that buyers earning the state-reported
median income are 1 percent short of the income necessary
to purchase a median-priced home.)
Buyers who earn the reported Florida median income of $51,335
can purchase one of almost 7,000 homes in Orange and Seminole
counties currently listed in the central Florida multiple listing service
(MLS) for aproximately $231,000 or less.
SO, things ARE LOOKING UP for Central Florida real estate!!!
Are YOU ready?
This up to date post about what is happening
in central Florida real estate is brought to you by:
Alexander Harb, PSEM®, E-Agent®
The Knights Team Sales Leader
Beach and Luxury Realty Inc.
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Get a FREE HOME WARRANTY with a central Florida real estate transaction, just tell me you saw this ad! Exceptional customer service is why so many people contact us, come and see why!
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Here we come!!!!!!
The market is stabalizing......
Yahooooo!!!
\O/
I'm sure glad we have a heavenly father who knows what we need, to draw us unto himself. May 2008 be a year the world, especially America, gets closer to the Lord. Thanks for sharing the update on Florida's market. Have a blessed day. Lu
This is fantastic news!! It is a sign of the good things to come this year, hopefully. I keep saying that I believe this is going to be the year of surprises. We'll see. One thing is for sure...God holds the future...so I'm okay with whatever He chooses for me. GBU!
Alex, sorry to hear that the medium home price is dropping over there, but everybody should be happy the properties are selling and inventory is going down. As inventory goes down prices should start to go back up again
I was so happy when I read that last week. Now lets hope this bit of information which are facts helps us overcome what the media tells people.
I have been getting a lot more calls as a home inspector. I think we have the engine running again.
That is great news! Your positivity shines through my friend and that is so refreshing. I believe that there are many wonderful things coming our way in 2008 and this news is only the beginning. Many blessings to you and have a fabulous weekend.
Alex- Those are compelling numbers. Thank you for sharing them.
I have been off to a running start this new year ! I have had buyers coming out of nowhere and my sellers are becoming more reasonable ! Wooo hoooo
Alex,I was just having this conversation with someone yesterday...Keep the good news coming....remember..We Are Gonna Be Great in 2008!
Lu Kalaj ~~~ Thanks for coming by, sis... I believe this will be a better year all around for real estate in central Florida.
Elizabeth Nieves - Bilingual Raleigh - Durham North Carolina Real Estate Team ~~~ suprizes is an understatment, sis..... I am sure there are going to be a LOT of suprizes in store for us......
George Souto ~~~ Inventory going down is a GREAT thing...I am sure LOTS of people took homes off the market as part of a new year.....
Orlando & Lake Mary Real Estate Expert, Heather Joubran ~~~ The emdia is ALWAYS distorting things....I have comne to see it is a job for them to attract readers.... what better way than to sensationalize everything??
Gary Porter ~~~ more contracts closing is a good thing, my freind...thanks for stopping by!
Julie Neerings, GRI Utah Realtor® ~~~ Thanks for the complement..... I am reporting the facts... with no spin at all....
Mark Horan PA Keller Williams Kissimmee, Florida ~~~ My freind...$11,000 drop in the median home asking price IS STEEP..... I hope it doesn't drop much farther...
Tennessee Realtor MELISSA GRANT serving Cumberland County and Surrounding area's ~~~ MY BUDDIE!!! resonable sellers AND buyers helps everyone involved... I think the idea that the run 3 years ago is gone has finally hit everyone....
BLR Guy ~~~ Sounds like a college or High School chant...hehehehe..... Things are going to better for sure!!
Sounds like it's going to be better and you called it.