The Orlando Regional Realtor Association has just posted the market numbers for August 2007. As the numbers show we are still experiencing a strong Buyers Market.
1. The average mortgage rate was up slightly to 6.6% from 6.5% in July 07
2. The inventory of homes in Orange and Seminole County was steady at 26,310
3. New Listings were up from 5404 in July to 5592 in August
4. New Contracts were down approximately 14% from July to August and down 39% compared to August 06
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