Orlando Real Estate

Cash Flowing into Orlando Real Estate

June 4th, 2010 8:16 AM by David W. Welch

Without actually running the numbers the other day, I guessed that over half a billion dollars had flowed into Orlando real estate in the form of cash sales. I was off by over a hundred million dollars. January through May cash sales were worth just over $600 million according to sales posted in the MLS. At this pace we could see over $1.4 billion in cash sales in Orlando this year from more than 14,000 sales. In 2009 we had just over 10,000 sales worth over $1.1 billion. The sales price of the average cash sale is down about 10%, but the number of sales could be up 40% from last year if the pace continues.

David Welch Real Estate Optimist, Orlando Real Estate  

Posted in:General
Posted by David W. Welch on June 4th, 2010 8:16 AM


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