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Wednesday, June 15, 2011

Orlando residential market has moved to a Seller's Market!
Recognizing that the residential market is a leading economic indicator and the commercial market lags behind (somewhere around 12-24 months in Orlando), the leading indicator has changed!

Reporting numbers of inventory of 11,480 and sles closed of 2,388; the absorption rate indicates an inventory of 4.8 months. Many consider that 5 to 6 months is a balanced market. Orlando has just "tipped" from Buyers Market to Sellers Market.

What does that mean for the commercial market? Good things...... We have already seen an uptick of activity in 2011 indicating that some of the money sitting on the sidelines is now in play. 

The report, from the Orlando Regional Realtor Association (ORRA) is called Market Pulse and it can be found at:
2:27 pm est

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KW Commercial * Keller Williams Advantage Realty * 1351 Alafaya Trail, #100 * Oviedo, 32765 *
Phone: (407) 977-7600 Fax: (407) 977-7612 Direct: (407) 712-5166