The statistics for the Orlando real estate market were just released for the month of December and the only thing I can take from it is the fact that things are starting to become a little more stagnant which is a good thing. Areas of concern is the inventory of homes on the market is actually going up and currently stands around 23 months and the decrease in the number of closed sales. As of the date of this report, there are 24,408 homes on the market with 1,076 homes sold last month. The average days on market has been seeing a steady decline and currently stands at 109 days. The recent drop in interest rates should help these numbers out in the coming year, but we’ll have to take a wait and see attitude until we see some results.
December 2008 Stats for Orlando Real Estate
December 11th, 2008 · No Comments
Tags: Market Statistics