Orlando Real Estate

Orlando Real Estate 05/01/2008

May 1st, 2008 12:34 PM by David W. Welch

April saw yet more improvement in sales numbers. So far there are 1,079 closed sales reported for April with five days remaining for sales to be reported in the MLS. I typically see a couple hundred input after the close of the month. So we should see more than 1,200 closed when April is in the books. Right now the 1,079 is one sale shy of March's 1,080. Keep in mind these are my numbers, not the official numbers for the month. They will come out around the 10th of the May. I am also seeing another decline in the median price to $215,000 which is down from March's $220,000.

Pending sales are hovering around 3,000 and active listings remain high at almost 27,000. (I measure inventory numbers differently than the official numbers that are reported.) New contracts written in April were way up compared to March. There were 1,679 new contract in March, but that was up over 20% in April to 2,026. Another not so great number, is foreclosures and pre-foreclosures in the Orlando area. They are moving up slowly, and right now stand at 4,435.

Overall, we are seeing improved activity and more interest in the market. I had three agents and one prospect contact me today about three different homes I have for sale. www.3573GatlinPlace.info, www.1558HuntersStand.info, www.13642Hawkeye.info

www.OrlandoAreaRealtor.com

Posted in:General
Posted by David W. Welch on May 1st, 2008 12:34 PM

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