Real Estate Market Watch March 2007

The National Association of Realtors recently reported that sales of existing homes was down 8.4% in March, the biggest decline since 1989. The national median price dropped to $217,000. According to the Florida Association of Realtors, the median price of an existing home in Volusia & Flagler counties was $199,600. The highest was May 2006 at $231,500. The number of sales was down 24% compared to March 2006. Many sellers are lowering prices to try to sell, which is a realistic attempt to adjust to current real estate market conditions. For information about Ormond Beach and Ormond By the Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/