The Central Florida real estate market statistics for April 2010 have been released by the Orlando Regional Realtor Association. Here is a link to the detailed report . Below is a short breakdown of these numbers. The numbers are for Orange County & Seminole County, including the cities of Apopka, Ocoee, Orlando, Winter Park, Maitland, Altamonte Springs, Longwood, Lake Mary, Sanford, Casselberry, and Oviedo.
Inventory New Listings New Pendings Under Contract Closed Days on Market
Apr 2009 20,194 3715 3412 5818 1854 102
Feb 2010 16,051 4586 4043 9462 1973 91
Mar 2010 16,223 5282 4662 10,179 2610 91
Apr 2010 15,766 5116 5221 10,832 2461 81
As expected in April, there was a big rush to get properties under contract before the $8000 tax credit deadline expired on April 30. We saw a lot of bidding wars in April as a result. The last week or so of April was actually a little bit slower though apparently because everybody did much of their scrambling to get in offers during March and the earlier part of April. We did have a few agents still trying to get contracts signed late into the evening on April 30.
Because of this rush, inventory levels dropped down again and the number of new pendings and under contracts skyrocketed. This also appears to have caused the days on market to drop significantly too.
Prices for the mostpart remained relatively stable during April. The median price went up slightly from $110,000 in March to $115,000 in April. The average price went down slightly from $145,300 in March to $142,000 in April.
Here is some additional analysis and commentary from the Orlando Realtors.
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