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March 29th, 2012 8:36 AM by David W. Welch
This morning there are 7,947 homes listed available for sale by Orlando Realtors, and 10,835 homes listed as contract pending. Of the homes still available, 769 are foreclosures and 2,137 are short sales. Back at the beginning of the year there were 9,067 homes available, so total inventory has dropped by 12.3%. On January 2nd there were 866 foreclosures and 3,091 short sales, so the inventory of these distressed properties has declined 11.2% and 30.8% respectively. Traditional equity sales inventory has declined from 5,110 to 5,041, which is only a 1.3% drop.
Orlando real estate sales statistics so far in March 2012: 1,792 closed sales with a median sales price of $114,900.
David Welch Real Estate Optimist, Orlando Real Estate, Search for Homes