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Orlando FL housing market statistics - March 2014
The Orlando Florida real estate housing statistics for March 2014 have been released by the Orlando Regional Realtor Association.  Here is a direct link to the full MLS statistics details. These numbers are for Orange County and Seminole County in Florida and show properties sold via the MLS.  They do not include for sale by owner FSBO, courthouse auction, builder sales, or other non-MLS sales.
Month            Inventory          New Listings       New Pendings      Closed Sales    Median Price
March 2013        6937                    3446                      3455                       2710                $140,000
Jan 2014              9927                    3931                      3089                       1889                $149,500
Feb 2014            10,184                   3982                      3232                       1997              $158,000
March 2014       10,343                   4406                      3659                      2342              $160,000
The inventory numbers continue the upward trend. March 2014 marks 12 months in a row of increases since our low point in March 2013.  We now have 49% higher inventory than we did a year ago. The month's supply of homes, also known as the absorption rate, decreased some to 4.4 month's supply. (10,343 inventory / 2342 sales = 4.4).  Spring is in the air and buyers are looking for that new house to buy.  So sales have rebounded after the winter lull.
Interest rates remain relatively steady at 4.43% for a 30-year mortgage.  They have been hovering in the mid-4s for about 6 months now but ... more

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