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Orlando real estate market report for December 2009
The December 2009 housing stats have been released by the Orlando Regional Realtor Association.  Here is a direct link to those numbers. Below is a breakdown. The stats are for Seminole County & Orange County, Florida including the cities of Orlando, Winter Park, Maitland, Waterford Lakes, Apopka, Ocoee, Winter Garden, Altamonte Springs, Longwood, Casselberry, Lake Mary, Sanford, Oviedo, & Winter Springs.
                 Inventory    New Pendings   Under Contract     Expired    Withdrawn    Closed    Days on Market
Dec 2008       22,524       1871                 3265                    2707           1579          1445         107             
Oct 2009       15,743        3864                 9050                     924            646           2319          92
Nov 2009      16,002        3023                 8633                     636           1047           2238           86
Dec 2009      15,549        2984                 8163                     1419           916           2194           91
December is typically the slowest month of the year (followed by January).  People are busy during the holidays and are simply not that interested in listing or viewing houses or trying to make deals happen.  This December was one of the few I can remember that it really didn't slow down much at all. It was actually kind of vibrant.
I believe this activity is attributed to the extension and expansion of the $8,000 first-time home buyer tax credit (and the new $6,500 credit for existing owners). But can't say for sure.  The tax credit was originally set to expire on November 30, but in mid-November Congress extended it.  November sales ... more

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