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March 27th, 2012 11:24 AM by David W. Welch
There are 7,975 homes listed as available for sale by Orlando Realtors, and 10,809 homes listed as contract pending. Of the homes still available, 768 are foreclosures and 2,161 are short sales. Of the homes with contracts pending, 1,354 are foreclosures and 7,562 are short sales.
I know there have been a few articles predicting further price declines, but not hear. We have had eight months in a row of year over year increases. So far this month there have been 1,614 closed sales with a median sales price of $114,900. If this number holds a few more days it will mark a 12.6% increase over March 2011's $102,000 median sales price. It is even higher than March 2010's $110,000 by almost 4.5%.
David Welch Real Estate Optimist, Orlando Real Estate, Any Home-Any Phone