2006 Numbers are in
This just in from Nick Pilz at Appraisal & Consultant Services, Inc.
“Well year end data is up on the ORLRealtor.com website.
Here is what is interesting:
40% of sales occurring in Orlando were between $200,000 and $300,000
Sales were down 36.43% for the Month of December (2005 vs 2006)
Year to date 2006 sales were down 12.33% (this should have been expected and honestly isn’t as bad as it could be)
Year to date 2006 % Change in median home sales price up 7.36% (this was driven by a strong 1st quarter which we will not have in 2007)
December % change over December % change 2005 is up 4.21% which is the best in 6 months (but this is only because December 2005 fell 4% so if we adjust then there was a mere .21% change)
So we have a 7.36% growth year to date in Central Florida Real Estate with an inflation rate of about 4% or an adjusted 3.36% growth”
You can check out the entire report here.