Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

Hojin's SW Orlando Real Estate Scoop header image 2

Real Estate Market Indicators for Orlando as of 3/8/2007

March 16th, 2007 · No Comments

Inventory of homes in the Orlando MSA is at a 12 month high sitting jut above 22,000 while the number of sales have hit an all time low at just 1,386 homes vs 2,286 a year ago. My humble prediction is that the numbers will continue to deteriorate until the inventory goes down to below 10,000 homes for sale. The recent tightening of lenders in recent months on sub prime mortgages should not help this market. Hopefully the dropping the rates will spur us on in our traditional peak season from Spring until the end of Summer for real estate in Orlando.  Currently there are far more homes coming on the market than there are selling.  5,566 homes came on the market in February while sales have hovered around 2,000 home selling per month.  If this keeps up then leave it to me to point out the obvious, more inventory.

Orange &
Seminole Counties

February 2006

6.07%

12,966

5,572

2,746

301

569

1,342

2,269*

48*

March 2006

6.17%

14,559

7,112

3,322

369

719

1,700

2,878*

50*

April 2006

6.27%

16,036

6,574

3,050

305

721

1,613

2,467*

53*

May 2006

6.39%

18,179

6,967

2,859

408

790

2,134

2,842*

56*

June 2006

6.45%

18,437

7,111

2,727

448

1,028

2,430

2,841*

57*

July 2006

6.53%

19,827

6,862

2,505

364

1,066

2,353

2,361*

61*

August 2006

6.20%

21,077

7,039

2,439

443

1,230

2,686

2,249*

62*

September 2006

6.09%

20,319

6,297

2,182

416

1,507

2,434

2,054*

67*

October 2006

6.05%

21,324

6,119

2,602

3,186

371

1,467

2,668

1,896*

73*

November 2006

6.10%

21,122

5,160

2,319

2,952

365

1,397

2,341

1,840*

74*

December 2006

5.74%

19,537

3,840

2,012

2,557

324

2,320

1,696

1,945*

78*

January 2007

5.91%

21,266

6,630

2,409

2,504

362

1,426

1,922

1,469*

90*

February 2007

5.92%

22,055

5,566

2,387

3,096

302

1,236

1,775

1,386

92

Tags: Market Statistics