Wednesday, March 25, 2009

Sales continue to rise

From last weeks Orlando Sentinel..
Lower-priced homes and condos sent resales soaring again last month in the Orlando area, continuing a rebound that began six months ago.The Orlando Regional Realtor Association reported Tuesday that its members sold 1,219 homes, condos and town houses in February, up more than 28 percent from the same month last year. Pending contracts in February were double last year's total, an indication that the momentum in existing-home sales continues to build locally even as the nationwide downturn in housing persists.Pending sales by Orlando Realtors rose to 4,348 in February, compared with 2,175 a year earlier. The Realtors also noted that sales so far this month in the core Orlando market are off to a strong start.