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May 22nd, 2012 1:08 PM by David W. Welch
There are 7,655 homes for sale listed by Orlando Realtors and 11,328 homes listed as contract pending. Of the homes still available for sale, 796 are foreclosures and 1,881 are short sales. Of the homes with contracts pending, 1,417 are foreclosures and 7,708 are short sales.
Early Orlando real estate sales statistics for May: 1,357 closed sales with a median sales price of $119,500. It appears as if May is going to be a very good sales month. We are approaching a three month supply of inventory. That is half of what we consider a balanced market.
David Welch Real Estate Optimist, Orlando Real Estate, Search for Homes