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Historically Low Prices Continue For Orlando Real Estate Buyers Due to Excess Inventory

Orlando, Fla. – According to Orlando REALTOR® Jonathan de Jesus, the high inventory of real estate listings in the Orlando area means buyers can count on continued bargains for the near future.

How long the bargain-basement prices on Orlando real estate will last is debatable, according to de Jesus, who says that it depends on factors like the overall health of the U.S. economy and future mortgage legislation changes.

“Everyone is looking for bargains, from the first time home buyer to the real estate investor, and the market is providing great opportunities for both. The excess inventory has not only served to lower the entry barrier for buyers, but given them more properties to choose from as well.”

De Jesus says he’s seeing increased interest from international buyers due to the combination of rock bottom prices and the weakness in the U.S. dollar.

“The international buyers have definitely helped to balance out inventory with demand, but whether we’re talking about Baldwin Park condos or Windermere foreclosures, price is driving the market right now.”

“I believe those who are able to buy in the Orlando market right are getting in at historically low prices and interest rates. That’s a great combination!”

For more information, please contact:

Jonathan De Jesus
Dominium Realty Group
6236 Kingspointe Parkway #10
Orlando, Fl 32819
407-588-7828

http://www.florida-real-estate.pro/

Tags: Florida Real Estate, Foreclosures, Orlando