The latest market statistics for July 2008 has been released by the Orlando Regional Realtor Association. These numbers are for Orange County and Seminole County, Florida.
You can see the full version of the report at this website with lots of charts and graphs.
The Orlando Sentinel and the Orlando Business Journal both have their own analysis of these figures as well.
Until this month, the numbers in 2008 have repeatedly shown a bottoming out / flattening off. The new July numbers make you wonder a little bit. Interest rates have continued to tick upwards over the last few months. Inventory increased by 167 listings. New contracts declined by 84. Sold listings decreased by 53. Days on market is down slightly. Median price is down slightly to $207,500.
The summer months are typically a busy time in the real estate industry. July tends to be slightly slower than June simply because July is the biggest vacation month of the year.
Compared to July 2007 though, the figures look great. If you look at the link above, on page 1 you can really see the month over month numbers. The graphs on pages 3, 4, and 5 show quite a bit of the flattening trend.
I hope these figures help you in your real estate buying and selling decisions.
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| July 2008 | 6.40% | 24,742 | 4,388 | 1,947 | 3,258 | 566 | 1,661 | 1,657 | 1,436 | 117 |
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(Copyright © 2008. Sand Dollar Realty Group, Inc. All rights reserved.)
Rob Arnold - Your full service and investor friendly Realtor in Orlando and Central Florida.
ABR, CPL, CRB, GRI, Managing real estate broker, Licensed mortgage broker, Notary Public
407-389-7318 / 1-877-389-7318 www.SDRhouses.com/ www.WeBuyHousesFlorida.com/
Learn to invest in Central Florida real estate and Orlando real estate. Investor mentoring and counseling available. We sell properties, list properties, and we buy houses cash throughout the Central Florida & metro Orlando area.
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, Volusia, Brevard, and more.
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