A glance at the 2009 real estate statistics for Orange County, FL shows a marked improvement in the market over the past 12 months. Most importantly the supply of homes currently stands at a healthy 6.4 months and the number of sales have hovered around 1,5o0 for the second half of 2009.
There’s still a heck of a lot of short sales and foreclosures on the market and I believe it’s gonna be a part of the real estate landscape for a while. It’s probably the last hurdle to overcome before return to a normal market.
Just a few years ago there was no such thing as foreclosures or short sales. The last time I remember there being a good amount of foreclosures on the market was 1997.
That being said, things are looking up and on progress towards a stable market here in Orange County.