The Orlando FL January 2012 real estate statistics have been provided by the Orlando Regional Realtor Association. Here is a direct link to the full MLS statistics details. Below is a summary breakdown of their numbers. This covers Orange and Seminole County Florida, including cities like Orlando, Winter Park, Maitland, Windermere, Apopka, Ocoee, Altamonte Springs, Longwood, Lake Mary, Winter Springs, and Sanford FL.
Inventory New Listings New Pendings Closed Days on Median
Jan 2009 22,613 4340 2282 1050 103 $148,000
Jan 2010 15,911 4279 3579 1820 89 $103,000
Jan 2011 14,398 3478 3747 2041 96 $ 95,000
Oct 2011 9,973 2997 3084 2132 106 $112,500
Nov 2011 10,136 3045 2887 2027 99 $115,000
Dec 2011 9,732 2641 2800 2213 102 $119,000
Jan 2012 9,258 3318 3375 1677 96 $108,000
Inventory in Orlando continues to trickle down. We saw another big jump in new sale pending properties in January which pushed inventory down another nearly 500 units. November was the first time in almost a year that we saw new listings exceeded new pendings in nearly a year, but December and January were back in gear with more units selling then coming in.
Closing in January were down from December but this is a general trend in that January is the first month after the holiday season. In the meantime, prices have been relatively flat year of year since 2010 - they go up a little then go down a little but at least they are not plummeting like they were in 2008 and 2009.
You can read a detailed analysis from the Orlando Realtors here. Properties continue to sell quickly and multiple offers are often the norm and not the exception on the good properties. If I can help you buy or sell, please contact me or one of our agents and we will get you on your path to buying or selling that home.