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March 31st, 2009 1:12 PM by David W. Welch
I know I am writing about the updated statistics a lot this month, and I am apologize. It has just been very exciting to see the closed sales rolling in while the inventory keeps going down. As of this afternoon there have been 1,351 closed sales in March with a median price of $137,100. The median is very volatile, which I am sure you have noticed if you have been keeping up with my recent posts. With the number of sales that we have just a few more can swing the median price up or down a couple of thousand dollars pretty easily. We have been going back and forth between around $142,000 and $136,000, but mostly in the $137,000 range. The active listings are standing at 21,688 which is down around 400 from last month, and that will drop further as all the end of the month expired listings hit tonight. Pending sales continue to rise with 4,947 properties currently under contract.
Well, I have to go check on a contract I submitted yesterday. The other agent said there were problems with the scanned image. If I can get that one through, I will have another bank owned property off the streets. How do you eat an elephant? One bite at a time. How do you solve the foreclosure problem? One sale at a time.
My website had taken a drop in the google standing recently, but I am happy to say that I am back on the rise. If you google "Orlando Real Estate", I back up near the top of page two. My Orlando Real Estate Blog remains "Number 1" on google. Check it out. Just google "Orlando Real Estate Blog". You can now follow me on Twitter. Go to www.twitter.com/realtyoptimist or www.davidwelch.com/realtyoptimist. You can also follow my blog at www.wordpress.com/realestateoptimist. If you prefer facebook, I am there too. In fact, look over your left shoulder. I'm right there. Just kidding about the over your should thing, but you can find me all over the internet these days.
David Welch, Real Estate Optimist