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.