Central Florida Real Estate Happenings..... Orlando area April 2007 home sales

Orlando-area home sales in April declined compared

with last month, while median home prices also went

down slightly, said the Florida Association of Realtors.

For April, 1,609 existing single family homes sold in the Orlando

area, a 35 percent drop from the 2,491 that sold the same

month a year prior. The median sales price in April was

$250,300, a 5 percent decline from the $263,100

price in April 2006.

Meanwhile, 207 existing condominiums sold last month in the Orlando area,

a HUGE 57 percent drop from the 486 sales in April last year. The median

sales price fell 7 percent, from $166,100 in April 2006 to $154,500 last month.

That news should be great for home buyers waiting to purchase a home or a condo.

Statewide, April single-family existing home sales totaled 12,016 compared to

16,283 homes sold in April 2006. The Sunshine State's median sales price for

existing single-family homes in April fell 3 percent, from $245,900 a year ago to

$237,800, Which into another great piece of news for up and coming home buyers.

For existing condos, 4,321 were sold in Florida last month, compared with 5,344 the

same month last year -- a 19 percent reduction. Median sales prices were $215,500

in April 2007, up 3 percent from April 2006's price of $210,000.

The National Association of Realtors says existing home sales are

expected to gradually improve in the second half of the year, with a

price recovery following soon after.

Keeping up on central Florida real estate --- The Knights Team

(Information taken from Yahoo® News )