2012 MARKET STATISTICS/ORLANDO

Orlando Home Prices Climb;

Resale Inventory at 2005 Levels

Existing home prices in the Orlando market were up for a third straight month.

The number of houses listed for sale was the smallest since mid-2005.

Based on the current demand from buyers, the market had a 3.7-month supply of houses listed for sale. A six-month inventory is considered a normal balance between buyers and sellers.

“These factors also indicate a shift toward favoring sellers, and the downward slide in inventory means a downward slide in the number of choices available to buyers,” said Stephen Baker, chairman of the local Realtors association.

Pending sales – those under contract and awaiting closing – totaled 9,748 last month, an increase of 2.6 percent from a year earlier and 4.3 percent from February. Short sales, which take longer to process, made up more than two-thirds of those pending sale.

Orlando Sentinel – April 17, 2012

Buying or selling? Not familiar with the area? Let our experienced agents show you the way. We can help you find the right home at the right price. Upside down on your home? A short sale may be the answer.

Email/call/text Lucy today for additional stats - Lucy@realtycenterorlando.com or (407) 721.0264. Let us help you find the right house at the right price.