Florida Market Analysis

The number of homes sold in Florida continued to increase over the same time last year according to new information released by the Florida Association of Realtors.

According to information released by the Orlando Regional Realtor Association, for the Lake, Orange, Osceola, and Seminole market area:
The majority of single-family homes (111) that changed hands in January 2009 were sold in the $200,000 - $250,000 price range

Those taxpayers seeking to reduce their tax debt with an offer in compromise will be interested in news regarding declining home values from the IRS dated January 6th of this year.
Additional Review for Offers in Compromise on Home Values: An Offer in Compromise (OIC), an agreement between a taxpayer and the IRS that settles the taxpayer’s tax [...]

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FloridaToday.com reports on a Mercedes home community in Melbourne that has seen sales success driven by price, incentives and financing.

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The median home price for a home in Orlando during January 2009 is reported as $148,274 according to the Orlando Realtor Regional Association.

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Reports indicate that Mid Florida sold units increased by 19% in January over January 08.
If the increase in sold units continue to increase month to month, home values should eventually follow.  This could be good news for buyers and investors considering a move back into the real estate market.

How much is my home worth is the question real estate agents are most often asked. 
The majority of times the homeowner is seeking an opinion of value in preparation of putting their home on the market, other times it may be that they are considering refinancing or a home equity loan and are curious to [...]