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Posted On: 20/03/2012
The number of existing homes available for purchase in Orlando is continuing a steady decline according to the Orlando Realtors Association.
The total inventory (property for sale) was 31.36 per cent less at the end of February 2012 compared to February 2011.
The current inventory combined with the current pace of sales equates to a 4.99 month supply of homes in Orlando. Economists consider a six-month supply of homes to be an indicator of a market that is balanced between buyers and sellers. A pace of 4.99 tilts the favour slightly toward sellers. However our stock still offers investors the opportunity to buy at very realistic prices.
As an added incentive we are delighted to announce that our brokers will pay the closing costs and 1 year's insurance for any Orlando property sales which reserve and complete between Friday April 16th and Thursday May 31st. This equates to a saving of approximately £2,000 GBP on each purchase and this coupled with the positive market data should help to create some urgency for clients who are thinking about a purchase.
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