Wednesday, June 15, 2011
Orlando residential market has moved to a Seller's Market!
Recognizing that the residential market is a leading economic indicator and the commercial market lags behind (somewhere around
12-24 months in Orlando), the leading indicator has changed!
2:27 pm est
Reporting numbers of inventory of 11,480 and sles
closed of 2,388; the absorption rate indicates an inventory of 4.8 months. Many consider that 5 to 6 months is a balanced
market. Orlando has just "tipped" from Buyers Market to Sellers Market.
What does that mean for the commercial
market? Good things...... We have already seen an uptick of activity in 2011 indicating that some of the money sitting on
the sidelines is now in play.
The report, from the Orlando Regional Realtor Association (ORRA) is called
Market Pulse and it can be found at: