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August 30th, 2013 9:37 AM by David W. Welch
There are 8,014 homes for sale listed by Orlando Realtors and 8,629 homes listed as contract pending. Of the homes still available for sale, 1,078 are foreclosures and 961 are short sales. Of the homes with contracts pending, 1,161 are foreclosures and 4,749 are short sales.
Early Orlando real estate sales statistics for August: 2,316 closed sales with a median sales price of $153,000. Sales are definitely still strong, but prices softened a bit. I am definitely seeing another turn in our market with inventory climbing past 8,000. Pay attention to this.
David Welch Real Estate Optimist, Orlando Real Estate