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June 2nd, 2009 8:13 AM by David W. Welch
Inventory seems to go down every day. It looks like 30 to 40 fewer homes for sale almost every day. This morning's inventory is at 19,070. We will be below 19,000 by the weekend. The other thing I am finding with the bank owned inventory is that the condition of a lot of the properties is not as good. We have had a lot of bank owned homes that appeared in excellent condition, but now I am seeing more that are in disrepair. More sales were posted for last month. We now stand at 1,713, with a median sales price at $130,000.
Orlando Real Estate, David Welch Real Estate Optimist, @RealtyOptimist