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Winter 2012 Market Update
Now is an exceptional time to buy a home in Longwood. Low rates and home prices becoming more stable, makes a home purchase a great value! Call now for more information at 407-416-6892
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| Average Home Price | $150,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $600,000 - $649,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Longwood is | Increasing |
| Seller Activity for the past 90 days in Longwood is? | Decreasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 45-50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Longwood! |
| Nearest Metro Area | Orlando |
| Housing Hot Spots | Most cities within the Seminole County area are considered ’Housing Hotspots’ |
| Average Sold Price | $150,000 - View Graph Trend |
Longwood Local News
News for Longwood, FL - June 20th, 2011 9:25pm
According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate median home price increased again for four months running to $110,000 for May 2011. We're only 4.35% below previous year, May 2010 median price. This is great news for our current recovery! The median price of 'Traditional/Normal' sales in May 2011 was $155,000. 'Short Sales' median price was at $102,900 and foreclosures/bank owned properties came in at $80,000. More great news, is that our current inventory levels have dropped again and are at the lowest levels since December 2005. We have seen a great trend for the past 11 months of inventory reduction. We are now at 10,969 homes on the market or a 4.63 months supply. A 6 months supply is a good balance between buyers and sellers. With the home inventory at this level, we're beginning to experience multiple offer situations on many deals. With interest rates at historic lows and pricing this low, it's still a great time to buy!
News for Longwood, FL - March 26th, 2011 4:19pm
According to the Orlando Regional Realtor Association (ORRA), the Central Florida real estate market is ahead in home sales compared to last year at this time by 5.68%. The median home price increased slightly over January 2011 median price of $95,000 by 1.16% to $96,000. More good news is that the median price is still below double digits from last year at this time for two months running. The median price of 'Traditional/Normal' sales was $155,000 for February 2011. 'Short sales' median price was at $98,000 for February 2011 and foreclosures/bank owned properties came in at $74,000. We also increased in the number of new contracts by 5.08% for February 2011 over January 2011. Other great news, is that our current inventory levels have dropped again and are at the lowest levels since 1996. We are now at 13,480 homes on the market or a 6.47 months supply. A 6 months supply is a good balance between buyers and sellers. With interest rates at historic lows and pricing this low, it's still a great time to buy!
News for Longwood, FL - December 15th, 2010 9:13am
Median price stays steady for third straight month. Inventory is down. Interest rates are low. It's a great time to buy.
Contact Information
Selah Realty Group, Inc.
407-243-8840
Request More Information Let me answer your questions!
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Selah Realty Group, Inc.
Selah Realty Group, Inc.
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 407-243-8840
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