The latest statistics for the Orlando real estate market were released by the Orlando Regional Realtor Association today and surprisingly it shows some improvement. Perhaps the traditional pick up in activity between Spring and Summer will take place this year. We haven’t seen it in a few years, but maybe it’ll happen this year. The inventory of homes on the market declined to 23,547 from 24,435 in the previous month. The number of new contracts increased from 2,346 to 2,434, the number of sales increased from 1,530 to 1,779, and the average days on market decreased from 97 to 90 days. It’s been a long time since we’ve seen improvement in any of these numbers and hopefully it’s a signal of things to come.
Popularity: 10% [?]
2 responses so far ↓
1 online estate agents // Apr 15, 2008 at 6:14 am
interesting post thanks
2 The Upfront Mortgage Broker // Apr 18, 2008 at 12:40 am
Hojin,
You wrote, “It’s been a long time since we’ve seen improvement in any of these numbers and hopefully it’s a signal of things to come.” I couldn’t agree more. I’d love to see a string of months with numbers moving in the same direction as these, we certainly could use them.
Sincerely
Joe Bartolotta
The Upfront Mortgage Broker
Leave a Comment