The Orlando Regional Realtor Association (r) released their April 2009 real estate market statistics for the metro Orlando area covering Orange County and Seminole County, Florida.  The positive trend continues.  Just look at those wonderful numbers.  Inventory continues to shrink down from month over month - in fact it has decreased by just over 20% since April 2008. 

At the same time home sales continue to increase each and every month.  Part of this is due to the Spring selling season, as well as low interest rates, and the $8000 first time buyer tax credit. However this is the most home sales the Orlando area has seen since May 2007 when we had 1745 sales.  That's great news.  I've told a few people that 2009 feels a lot like 2006, sales are slower but they are happening frequently. 

Also look at the new listings vs. the new contracts (pendings).  They are almost equal.  Another great sign. 

Now granted, the average and the median sales prices are both way down compared to 2 years ago but I think we all realize that those prices were unsustainable and unaffordable to most buyers.  Presently the average price is $162,400 and the median price is $132,900.   There are also a ton of foreclosures currently on the market and still more on the way and this will continue to have big effects on the marketplace for at least another 1-2 years. 

For more details on these market statistics, please check out the Realtor association website.  

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(Copyright © 2009. Sand Dollar Realty Group, Inc. All rights reserved.)   Subscribe to my blog via RSS feed.

Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.

ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public

407-389-7318 / 1-877-389-7318 www.SDRhouses.com   We Buy Houses Florida

We sell foreclosures, short sales, and bank owned REO properties throughout Central Florida. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.

I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Winter Park, Maitland, Ocoee, Winter Garden, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Mount Dora, Eustis, Clermont, Kissimmee, Winter Haven, Lakeland, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Melbourne, Daytona Beach, Ocala, Gainesville, Palatka, Jacksonville, Volusia, Brevard, and more.