Hojin's SW Orlando Real Estate Scoop

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Orlando Housing Stats Looking Good

October 22nd, 2009 · No Comments

TwoYear1009

Sorry for the lack of posts the past couple of weeks, but I’m back in town and back in the game.

The Orlando Regional Realtor Association just released their latest statistics for the housing market in Orlando and they just keep getting better with declining inventory, steady number of sales, and fewer expireds.

The inventory is down about 35% when compared to the same time last year and currently stands at 15,967. At the same time, the number of sales increased over 50% with sales jumping from just 1,394 a year ago to 2,151 this past month. The current inventory level stands at a little over 7 months which is typical of a stable market here.

Maybe we’ve hit a bottom.

Another encouraging little stat is the number of expired listings are down about 50%. 1,683 homes expired a year ago, but only 846 homes expired this past month.

Another sign of improvement.

I sure hope these stats are for real and we’re headed into a stable market. Heck, we might be there already according to these stats.

I don’t want to push it, but would increasing prices be asking for too much? I’d sure like to see an end to the short sale scenario so many homeowners are in.

Tags: Market Statistics