Orlando Real Estate

Florida Home Sales May 14, 2008

May 14th, 2008 8:18 AM by David W. Welch

The Orlando Sentinel reported Florida existing home sales numbers today. You can read the whole article here http://www.topix.net/forum/source/orlando-sentinel/T8CQM4N4E23S2VLQ2#lastPost.

They actually used the words "Good news" to refer to Orlando real estate sales. The numbers reported for the first quarter were still down from last year by 31%, but Orlando was second in the state for sales of single family homes behind Tampa. Be sure to check out the article, and read my comments.

One other bright spot in the most recent numbers released is the days on market. For the first time in a while the average days on market actually dropped by a whole week from 128 to 121 days. I was looking at inventory numbers yesterday, and the inventory remains stable while pending contract continue to rise to over 3,200 total contracts.

www.DavidWelch.com www.OrlandoAreaRealtor.com

Posted in:General
Posted by David W. Welch on May 14th, 2008 8:18 AM

David: Appreciate your very witty, but also very cogent observation about the media's choice of subject matter experts when the subject is real estate. As you know, the Orlando Regional Realtor Association cranks out tons of reliable, accurate monthly market data and trend analyses for real estate professionals like you to use in advising their buyers and sellers. What in the Wide World of Sports drives reporters to quote anecdotally-based market predictions by casual, untrained observers is beyond me! Spare us from these front-porch prognosticators! Belton Jennings CEO, Orlando Regional Realtor Assn
Posted by Belton on May 19th, 2008 11:49 AM


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