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Tracking Central Florida condo market
Inventory dropped a lot since my above post. Inventory today: 438. That is a big drop from 779. This is merely a 37% of what the inventory was when I first started tracking it, Feb 4, 2010, when it was 1173.
Price went up at the same time. It went up to about the same as this time last year, only that there are fewer choices.
Rental market improved a lot. Last year this time, the market has a whopping 27% vacancy.
Thinking back, the best time to buy was around Christmas time last year.
Unless there is a second dip, the best time to buy a condo probably have passed in Central Florida.
Inventory dropped a lot since my above post. Inventory today: 438. That is a big drop from 779. This is merely a 37% of what the inventory was when I first started tracking it, Feb 4, 2010, when it was 1173.
Price went up at the same time. It went up to about the same as this time last year, only that there are fewer choices.
Rental market improved a lot. Last year this time, the market has a whopping 27% vacancy.
Thinking back, the best time to buy was around Christmas time last year.
Unless there is a second dip, the best time to buy a condo probably have passed in Central Florida.
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