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Are prices increasing or recovering?

I downloaded the latest 3rd quarter report for Orlando today, from the National Association of Realtors and saw the very 1st graph which caught my eye:



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I have been seeing of late, some increasing trends for home sales. Yet when you look at the longer view - it is quickly apparent that the markets are really just getting back to ground zero!

The report showed a lot of really good data, which I have been tracking ‘on the ground' in real estate appraisals here in central Florida, including Orlando, Clermont, Winter Garden and Windermere.

What a world of difference from 5 years ago! The question is.....where will we be 5 years from now?

Posted Monday Nov 29