Orlando Real Estate

April Sales

May 10th, 2007 8:46 AM by David W. Welch

Some of the April numbers have been released, and the big shocker to me is that the number of closed sales was actually down from March. Looking at the pendings a few weeks ago, it looked like we were going to have well over 2,000 closed sales. The reported sales were slightly less than 1,500 which is more than 200 off March, and 1,000 off last April. They have not announced the median price yet, but I am pretty sure that will end up around $246,000 which is $3,000 less than last April. My best guess is the sub-prime lending collapse has delayed or prevented a lot of closings. It is the reason my listing at 13628 Hawkeye is back on the market. Check it out it is a great house and a great deal www.13628Hawkeye.info
Posted in:General
Posted by David W. Welch on May 10th, 2007 8:46 AM

The median price was released this afternoon, and officially it came in at $241,000. That is about $5,000 lower than I expected. It is still higher than March but $8,000 lower than last April. At least the number of new listings is down from last month.
Posted by David Welch on May 10th, 2007 1:04 PM


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