Orlando Real Estate

With today and tomorrow left until we close out June we have posted 1,689 closed sales with a median sale price of $132,000. We will probably end the month with around 2,000 closed sales, and if the price holds up a slight increase over May's $130,000. The active inventory continues to fall with 18,172 properties available for sale according to MFRMLS. Pendings continue to climb with 7,281 properties under contract. There are more REO's under contract than active right now, with 1,350 having contracts pending and only 1,035 active listings identified as bank owned. The total number of distressed properties, including bank owned and short sales stands at 6,924. I'll have some more complete numbers after the end of the month.

Orlando Real Estate, David Welch Real Estate Optimist
Posted by David W. Welch on June 29th, 2009 2:09 PMPost a Comment (0)
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