Orlando FL real estate market statistics - March 2012

By
Real Estate Agent with Sand Dollar Realty Group, Inc. BK627826
https://activerain.com/droplet/yWK

The Orlando Florida March 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, Ocoee, Winter Garden, Altamonte Springs, Longwood, Lake Mary.

               Inventory       New Listings       New Pendings       Closed Sales           Median Price

Mar 2011    12,533             4152                 4526                    2613                   $102,000 

Dec 2011     9732               2641                 2800                    2213                   $119,000

Jan 2012      9258              3318                  3375                    1731                   $108,000

Feb 2012      9253              3323                 3475                    1975                   $111,000

Mar 2012      8666              3386                 3805                    2327                   $115,000

The flat inventory levels of the Winter season saw big changes starting in March.  Housing inventory plummeted by 587 units last month. While at the same time new listings remained steady and new pendings and closed sales continued to increase.  Properties are selling quickly with ones priced under $100,000 being in bidding wars more often that not much of the time. 

That puts us at an overall inventory of just 3.7 months supply of homes (8666 inventory/2327 sales = 3.7 months).  For the homes priced under $100,000 there is only a 2.1 months supply.  That's unbelievable and shows the low end truly is a seller's market.

Another amazing statistic is that 50.9% of buyers in Orange & Seminole County in March paid all cash.  That's over half the 2327 sales.  Pretty incredible. 

Additionally 24.6% of the sales were bank owned REO foreclosures while 33.5% of the sales were short sales.  That makes 41.9% of the sales that were regular old traditional sales.  A good trend. 

You can read a detailed analysis from the Orlando Sentinel  here. 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 quickly.

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Rainmaker
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Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

WOw Rob I thought the market was moving up there but doesn't appear to be the case at all.

Apr 26, 2012 08:50 AM #1
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Rainmaker
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Rob Arnold

Metro Orlando Full Service - Investor Friendly & F
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