Market Statistics - Orlando Regional Realtor Association

Central Florida Real Estate News! The average interest rate paid in Central Florida for June 2012 was 3.80%. The inventory is low and the competition is driving up the prices for a consecutive fifth month in a row! Homeowners are seeing multiple offers and 43% of the properties are selling at or above the asking price. Home sales are up 15% from January, 46% are sales, 28% are short sales, and 25% are foreclosures. The 2007 Debt Forgiveness Act expires at the end of the year, homeowners who want to sell their homes in Central Florida via a short sale and avoid tax consequences need to do so now, we specialize in short sales and have an in house Attorney that will provide you with legal assistance every step of the way! Market Statistics - Orlando Regional Realtor Association