The monthly Orlando Real Estate Market update came out today for October 2007. This update includes both Orange and Seminole counties.
The average mortgage rate was steady from September at 6.21% as was the number of inventory homes at 26,330. Real estate home sales were up slightly from 970 in September to 1,034 in October. However, compared to October 2006 sales were down just over 45%. The average home sale price was $284,100.00. On a positive note new contracts were up 11% from September.
Orlando Market Conditions: BUYERS MARKET
Related Information: Orlando Real Estate
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