Orlando Real Estate

March 9th, 2007 6:05 PM
The latest Orlando real estate market figures were announced today, and closed sales for February were 1,386 compared to 2,269 last February. So, we are continuing to be off last years figures by over 30%. The good news is that 3,096 properties are under contract right now compared to just 2,504 in January. That leads me to expect March to sales to be closer to the 2,000 mark. We will just have to wait and see. More good news is that the average mortgage interest rate is 5.92% compared to 6.07% in February of 2006.
Posted by David W. Welch on March 9th, 2007 6:05 PMPost a Comment (2)
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