The Orlando Regional Realtor Association released their monthly statistics for the Orlando real estate market through the month of July 2010 and the numbers show that an increase in inventory and a significant decrease in sales suggesting that we may not be out of the woods yet.
The inventory increased from 16,504 in June 2010 to 16,563 in July. Inventory has been on a steady climb from the 15,911 level seen on January 2010. Since then, inventory has increased 4% for 2010.
At the same time, the number of sales decreased from 3,059 in June 2010 to 2,387 in July. While there’s been a decrease on a month to month basis, the number of sales increased when compared to the January 2010 sales figure of 1,820.