The statistics for real estate in Orlando has been showing steady signs of improvment, but is this improvement for real? One of the most promising statistics is the reduction in inventory to near stable levels at just over 8 months.
There’s been a lot of talk of a shadow inventory that’s been created by the banks who has been releasing foreclosures at a more measured pace. At some point, these foreclosed properties will have to be sold eventually.
There’s no way of knowing how much shadow inventory is out there, the promising inventory numbers we’ve been seeing lately may be artificial.
Only time will tell if the improvement we’ve been seeing will continue, but this shadow inventory will have a dramatic effect on the market when they hit the market.
I hope there’s not much out there, but the rumblings I’ve been hearing is that there’s quite a bit.