- Average mortgage rate: 5.34%
- Inventory of homes: 17,231
- New Listings: 4,158
- New Contracts: 3,696
- Under Contract: 7,713
- Back on Market: 787
- Expired: 849
- Withdrawn: 1266
- Sales Closed: 2,141
- Average Days on Market: 103
Wednesday, September 02, 2009
Market Statistics for July 2009
Orlando Real Estate Sales picking up and according to recently published statistics from Orlando Regional Realtor Association, sales are up 45% since July 2008 and pending sales have doubled. Median price of a home starting to creep up at 2.92% to $135,000. There are an 8 month supply of inventory of homes, and 6-7 months is considered a balanced market. For buyers time is now to buy, as I have seen in past few months, bargain homes no longer available, and underdesireable properties now going under contract rising. Here are additional statistics:
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