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Orlando Florida housing statistics April 2011
Real estate market stats for April 2011 have been released by the Orlando Regional Realtor Assn.  Here is a direct link to the full MLS statistic details. Below is a quick breakdown of the numbers. This covers Orange & Seminole County Florida, including the cities of Orlando, Apopka, Ocoee, Winter Park, Maitland, Altamonte Springs, Longwood, Sanford, Casselberry, Lake Mary, and Oviedo.
                 Inventory    New Listings    New Pendings   Under Contract     Closed    Days on Market
Apr 2010       15,766        5116                 5221               10,832                2644           81
Jan 2011       14,398        3478                 3747                 8777                 2041           96
Feb 2011       13,480        3202                 3777                 9223                 2170           99
Mar 2011       12,533        4152                 4526                 9510                 2613          103
Apr 2011       11,480        3391                 4228                 9255                 2388          104

Inventory levels dropped by over 1000 listings between March and April which is a 9.1% decrease in the number of properties for sale. The marks 10 months in a row that the inventory levels have dropped.   This inventory level is the lowest level we have seen since late 2005.
In April, the MLS created a new status category, "Active with Contract" which is sort of a sale pending lite.  For the above analysis, I am lumping the Active with Contracts in with the New Contracts to show the "New Pendings" each month.  As you can see since January, the new pendings have outpaced the new listings every single month.  Buyer are out there making offers and buying up all the great deals in ... more

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