At the beginning of 2009, Florida seemed to have an unimaginably large supply of property: 23.6 months worth. It is now 8.4 months and because new construction activity is still minimal, it is set to fall further. A market with 6 months supply is considered by economists to be balanced between buyers and sellers.

Let’s look at it another way - the last nine months in Florida has been a little bit like one huge Brown Thomas or Selfridges sale. While there’ll still be products discounted at 60-70% in six months time, the best quality merchandise and the best deals will always be snapped up by those queuing to get in at the start. We know this because Torcana.com have been right in the thick of it all year and can see it happening everyday.

Kind Regards

Colin Murphy

Torcana.com

Tags: distressed property, Florida Foreclosure services, House price statistics, Orlando Foreclosures, Torcana

This entry was posted on Saturday, September 19th, 2009 at 12:56 pm and is filed under USA Property. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.