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July 4th, 2009 

Call Us Toll-Free: 877-629-SOLD (7653)

Buyer's Choice Realty

Low Interest Rates, but Prices Still Aren't Going Up

It's the perfect time to buy since both homes and mortgages are more affordable than ever! In the last two years, the average price of a home in Orlando has dropped over $165,000. Just this year, the average home has gone from $190,243 in January 2009 to $155,669 in May 2009. First time homebuyers are competing with investors with cash for the best foreclosure deals.


May '09

May '08

May '07

May '06

Median Sales Price

$130,000

$211,400

$250,000

$250,000

Average Sales Price

$155,669

$273,644

$320,727

$308,237

Sales Closed

1854

1347

1745

2842

Average Interest Rate

4.9%

5.94%

5.94%

6.39%

Average Days on Market

104

115

94

56

 

 

 

 

 

 

 

Source:Orlando Regional Realtor® Association 

Find Your Dream HomeFree Evaluation
Fill out the attached form and homes will be e-mailed to you as soon as they become available. This is a free service and no sales person will call you!How much is your home worth? Fill out the attached form and a market analysis will be e-mailed to you. This is a free service and no sales person will call you!
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Join Our TeamReal Estate Career Info
Buyer's Choice Realty serves full-time experienced agents looking to make 90% or higher commissions and Buyer's Choice Referrals is for licensees who don't have the time or money to devote to the business but want to make commissions by sending us leads. Join a fun company with minimal paperwork and hassles!Considering a career in real estate? Get your license now while the market is slow, and be trained to make some serious money when sales pick back up again! You can complete real estate school in a weekend, or even take the class on-line! Call Broker Jen Rickmann at 407-629-7653 for a list of schools.

BROKER'S BLOG: "Home Ownership is Sexy"

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