Huge listing inventory equals declining market prices
November 22nd, 2008 by admin
In the 5 county area of Central Florida that includes, Seminole, Lake, Osceola, Orange and West Volusia, there are still over 35,000 homes for sale in the MLS. This excessive inventory will keep home prices from increasing as motivated sellers, short sales and REO property are listed at bargain prices in an effort to attract the limited number of buyers.
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