A median price jump of 12% in December is the highlight of this market report. Sales tallys for 2011 were very similar to 2010, but 2010 had tax incentives to stimulate sales. This, along with the fact that distressed sales are making up a smaller percentage of the market, points to a further stabilization of the market.

I get asked all the time "Have we reached the bottom?" Well, supply and demand have come into balance and renting is now a good bit more expensive than buying. These are indicators we have reached the bottom. We may drag along the bottom for a little while, but we may have seen the worst.

This video from the Orlando Regional Realtors Association has a good summary of the latest monthly data.   http://youtu.be/qX1EkZPLEJw

As always, please feel free to email or call me with any questions you have about Orlando area real estate. BluRiver Realty Group is a Buyer Dedicated Broker. As buyer's agents, our loyalty is 100% to home buyers. We'll help you find the best homes in the market and then aggressively negotiate on your behalf for the best price, terms, and conditions.