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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Inventory New Pendings Under Contract Expired Withdrawn Closed Days on Market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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