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May 17th, 2012 10:41 AM by David W. Welch
There are 7,679 homes for sale listed by Orlando Realtors and 11,262 homes listed as contract pending. Of the homes still available for sale, 802 are foreclosures and 1,922 are short sales. The number of active REO's is dropping slowly. It has been remarkably steady for several months. Of the homes with contracts pending, 1,441 are foreclosures and 7,695 are short sales.
Too early Orlando real estate sales statistics for May: 962 closed sales with a median sales price of $120,000. If the median price holds that will ten months of year over year price increases.
David Welch Real Estate Optimist, Orlando Real Estate, Search for Homes