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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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