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January 25th, 2012 7:29 AM by David W. Welch
There are 9,027 homes for sale listed by Orlando Realtors, and 9,435 homes with contracts. Of the homes available, 838 are foreclosures and 2,916 are short sales. Of the homes with contracts, 1,147 are foreclosures and 6,975 are short sales. Keep an eye on these trends: fewer homes available and a rising number of pending contracts. A year ago I sold a condo in Baldwin Park for $149,900, and a similar unit just came on the market for $199,900. It was under contract in four days.
Early Orlando real estate sales statistics: 1,038 sales have closed so far with a median sales price of $104,500. Looks like the January slump has hit, unless there are a bunch closing at the end of the month.
David Welch Real Estate Optimist, Orlando Real Estate, Any Home-Any Phone