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:

  • 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  • Withdrawn: 1266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