Selling Trends in Orange and Seminole Counties, FL - June 2007-08
By Judy Chapman
(Referral Network of Illinois LLC)
During the period June 2007 to June 2008, the Average Price Per Sq Ft of homes sold in Orange and Seminole counties have been trending down, going from $179 and $168 in the respective counties to $144 and $141. Reflecting this deteriorating trend during the same time period, the Average Days on Market for sold homes have increased from 91 and 86 to 124 and 113 in the respective counties. Homeowners who have to sell must pay particular attention to price, and position their properties at least 5% to 10% BELOW the current market value in order to stand out and attract the most buyer traffic possible. Homeowners who don't have to sell should also heed this necessity and avoid placing their houses on the market just to test the waters. The waters have been tested. They're luke warm! On the ...
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