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Orlando & Orange County FL market stats for September 2008
The September 2008 real estate statistics were released from the Orlando Regional Realtor Association.  The juicy details with lots of charts & graphs are available at ORRA's website. These figures cover Orange and Seminole Counties in Central Florida.
There is not too much exciting to see here. Despite the crazy economy and the roller coaster stock market, the Central Florida real estate numbers have been pretty steady for over a year now.  The inventory of listings have been slowly decreasing since June '07 and they went down just a bit since last month.  The number of new contracts ticked up a little bit since last month as did the number of sales closed.
The Orlando Sentinel and the Orlando Business Journal have their own reviews on these latest figures.
As I have been saying for nearly a year now, the Central Florida real estate market bottomed out towards the end of 2007.  This is reflected by the flattening off of the inventory numbers and closed sales. 
The purchase prices are another story, they are still declining and may continue to do so.  This is because all the competing sales are of bank foreclosures and short sales which are artificially depressing prices.  Obviously foreclosure properties are going to sell for ... more

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