Orlando Real Estate Statistics May

Many people want to know how the Orlando Real Estate Market is doing.  Orlando Regional Realtor Association publishes monthly statistics that describes real estate sales activity.  Median sales price increased for 5th straight month to $115,380.  Inventory of homes slight up, and contracts slightly down from April-which most likely created a lag of sales activity as buyers hurried to get under contract for the tax credit deadline of April 30, 2010.  Inventory represents 6.13 monthly supply which is balanced level.  Mortgage rates are still at historical lows.

• Average Mortgage Rate:  4.89%
• Inventory: 15,963
• New Listings:  4,304
• New Contracts:  3,669
• Under Contract:  10,351
• Back on Market:  1,161
• Expired:  553
• Withdrawn:  1,187
• Sales Closed:  2,605
• Average Days on Market:  85

For historical months, please see full description of the Market Pulse.