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July 10th, 2012 5:34 PM by David W. Welch
Apparently everyone got the memo to call David Welch right after the fourth of July. For those of you who check out my frequent blogs with the stats for the Orlando real estate market, I am sorry to be disappointing you. I am days behind schedule, and I do not see a chance in the next several days to get caught up.
I have actually been doing real estate 24/7 it feels like. Two new listings, two closings and about a dozen offers have come across my desk in the last six days. Add to that my various reporting requirements for the bank, trying to stay on top of transactions already in progress, following up on showings, being out showing homes myself, and I am just a little busy.
I can tell you that inventory is down, below 7,500 and sales are up with 2,700 closings last month. That leaves less than a three month supply of homes available for sale. Prices are up too. The median sales price last month was $125,000. That is a 13.6% increase over June 2011's $110,000.