Orlando Housing Market Report – June 2012

 

Orlando Home Sales Facts:

  • The average interest rate paid by Orlando homebuyers in June was 3.80%, the lowest average interest rate since the Orlando Regional REALTORS Association becan tracking the statistic in 1989.  A year ago, homebuyers paid an average interest rate of 4.56%.
  • Short Sales make up 67.62% of the 9,963 homes under contract. Short Sales often take several months to close.
  • The 2007 Debt Forgiveness Act expires at the end of the year, homeowners who want to sell their Orlando area homes via a short sale and avoid tax consequences need to act now – contact us for more information.
  • Orlando area homeowners are seeing more multiple offers and properties are selling at or above asking price more often.

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