Hojin's SW Orlando Real Estate Scoop

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

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Stats Improve Again for Orlando Real Estate

May 13th, 2008 · No Comments

Things are on the up and up again. The numbers are looking better for the Orlando real estate market. It’s a lot worse than a year ago, but we’re steadily improving.

The number released by the Orlando Regional Realtor Association today shows improvement for every month this year and April was no exception. The numbers for new contracts jumped from 1,679 in May to 2,012 in April and the number of properties under contract jumped from 2,398 to 2,853 in April.

Even with all the new sales, it hasn’t made a dent on the inventory. There’s still a whopping 25,436 properties on the market which is about a 2 year’s supply.

Well, at least we’re heading in the right direction.

Tags: Market Statistics