The latest statistics for the Orlando real estate market were released by the Orlando Regional Realtor Association yesterday and the best news of all is that the inventory is down to 10 months. We’re not that far off from the signal of market stabilization at the 6 month inventory level.
The number of sales remained steady at 1,854 with 19,123 homes on the market. The average days on market stands at 104 days and the number of new contracts is the highest it’s been in quite a few years at 3,455.
I’ve been telling me customers that the market is picking up and these numbers back me up.