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July 8th, 2014 8:14 AM by David W. Welch
There are 11,807 homes for sale listed by Orlando Realtors® and 7,891 homes listed as contract pending. Of the homes still available for sale, 1,945 are foreclosures and 1,104 are short sales. Of the homes with contracts pending, 1,530 are foreclosures and 3,033 are short sales.
Way too early Orlando real estate sales statistics for July: 301 closed sales with a median sales price of $178,500. Inventory is continuing to rise including traditional, REO and short sales while pending sales are declining. These are not good trends, but I think there are a lot of overpriced homes on the market.David Welch Real Estate Optimist, Orlando Real Estate