The Orlando Florida May 2012 real estate statistics have been provided by the Orlando Regional Realtor Association. Here is a direct link to the full MLS statistics details. Below is a summary breakdown of their numbers. This covers Orange and Seminole County Florida, including cities like Orlando, Winter Park, Apopka, Ocoee, Altamonte Springs, Longwood, Lake Mary, Winter Springs.
Inventory New Listings New Pendings Closed Sales Median Price
May 2011 10,969 3145 3678 2483 $110,000
Feb 2012 9253 3323 3475 1975 $111,000
Mar 2012 8666 3386 3805 2435 $115,000
Apr 2012 8642 3432 3497 2463 $117,000
May 2012 8243 3471 3675 2337 $120,000
Summer is in full force and inventory levels continue to creep downward. New listing remain steady and good properties are selling fast. Inventory levels are at levels not seen since way back in 2005. New pending properties have been outpacing new listing every month (except 1 or 2) in well over a year. Closed sales have remained steady from 2011 until now.
Because inexpensive properties are such a hot commodity you can see that them median price is slowly trending up to $120,000 in May.
The breakdown of what is selling. Is 24% of the sales in May were bank owned foreclosures, 27% were short sales, and 49% were regular sales. Those are some great numbers especially considering at one point about 70% of all sales in Orlando were distressed. Now it is only 51%. Tides are turning.
You can read a detailed analysis from the Orlando Realtors at this links. If I can help you buy or sell, please contact me or one of our agents and we will get you on your path to buying or selling that home quickly.