Orlando Real Estate Statisics for July 2013

Homes sales up 16% from last July while the median price of home is up 25% to $157,000. Although there is a small uptick in the amount of inventory, the numbers are at 2.86 month supply which is still critically low.  Mortgage rates are up! If you can buy you should consider it.

• Average Mortgage Rates:  4.51
• Inventory: 8,099
• New Listings:  4,015
• New Construction:  3,341
• Under Contract:  7,990
• Back on Market:  717
• Expired Listings:  250
• Withdrawn: 731
• Sales Closed:  2,836
• Days on Market: 62

Contact us for more information on the Orlando Real Estate market and where to go for the best investment.