Market Analysis - June 2008

 There's actually some good news in the Orlando Real Estate Market! The Orlando Regional Realtor Association (ORRA) has released its June report and sales are up! At a total of 1,443 closed sales, June sales are up by about 100 over May. In fact, this is becoming a trend! Sales have been increasing about 100 a month since March and we are getting closer and closer to the number of properties sold at this time last year.

Inventory is down again, too! At the time of the current report, inventory in the Orlando area is down to 24,575 properties. This is another number that has been steadily dropping since February.

But on the negative side (of course there's a negative side), the interest is up to 6.35% from May's average of 5.94%. Well, two out of three good stats isn't bad, right?