This monthly market recap for Seminole County, Florida includes the cities of Lake Mary, Sanford, Altamonte Springs, Longwood, Casselberry, Fern Park, Winter Springs and Oviedo. This update includes the home sales information (townhomes & condos too) for the entire year plus a flashback to the past five years for the month of November.
Seminole County Real Estate Market Snapshot for November 2008
November brought an increase in interest rates to almost 7%, which could have had a direct negative affect on the number of home sales in Seminole County, as I write this post… Interest rates have improved to 5.5% and there is talk of the Government stepping in to help lower rates to 4.5%. Already at historic lows, a further decrease in mortgage interest rates would be an unprecedented effort by the U.S. Government to stimulate the economy by jump starting the sagging housing market. Please contact me for all of your questions about buying a home in Seminole County or to talk about obtaining a mortgage with great rates.
Seminole County Home Sales History
November 2007: 266
November 2006: 468
November 2005: 545
November 2004: 479
November 2003: 388
As you can see from the Seminole County Home Sales Flashback there has been a steady decline in home sales since the height of the market in 2005. Are homes still selling? Absolutely… Do homes sell in days if they are price correctly? Yes they do. If you are a Seminole County homeowner that is interested in selling your home, please contact me for a free, no hassle home valuation.