Central Florida Real Estate Market Update – August ’10
Central Florida homes sales are still going strong. According to Orlando Regional Realtor Association (ORRA), there were 2,387 closed sales in July 2010. Nearly 4% higher than July 2009 numbers of 2,299 closed sales. We have currently sold nearly 40% more homes this year than this time last year. Although our median price dipped to $109,900 from June 2010 of $115,000, the normal/traditional sales increased nearly 4% while bank owned sales dropped 4.52% and short sale properties remained steady. Pending sales are up 18.41% over June 2009 and inventory levels are 3.88% lower than June 2009. This gives us an inventory level of 6.94 month supply where as an inventory of 6 month supply is a good balance between buyers and sellers. Click Here to read the full report
