Is the Central Florida Real Estate Market all Doom and Gloom?

Ok, so I am asked frequently … what is going on in Real Estate?

What's going on in the market?  How are you doing?

The simple answer is our market is sizzling hot (in certain price ranges).

FACT:  When a property is priced correctly - it sells.

Today, I read an article that referenced a Forbes.com report -

ORLANDO 7th on MOST VACANT LIST.

The city of Las Vegas placed 1st on the list - as Orlando placed 7th, with 7% of all homes currently vacant.

Orlando's rental vacancy rate is just a hair over 12%.

Now what does all this mean????

SELLERS: it means that it’s a looooooong road to recovery … in short, because that inventory must be cleaned up, prior to an increase in market value.  Economics 101, supply vs demand.

BUYERS: this is your market - some properties are flat out "given away", and the most motivated sellers are forced to meet your expectations. 

CENTRAL FLORIDA ECONOMY:  I read an article stating that 10,000 jobs will be added this year …

There are job openings for 750 positions in 22 different sectors right now, on OrlandoJobs.com.

OrlandoJobs.com is estimating 10,000 job offerings and fillings by end of year 2009.

As always - if you have any questions feel free to contact me:  lee@leerosa.com.