Central Florida & metro Orlando real estate services

The Central Florida October 2011 real estate market statistics have been reported by the Orlando Regional Realtor Association.  Here is a direct link to the full MLS statistic details. Below is a summary break down of the numbers. This covers Orange & Seminole County FL, including cities like Orlando, Winter Park, Maitland, Windermere, Apopka, Ocoee, Altamonte Springs, Longwood, Lake Mary, Casselberry, Oviedo, Winter Springs, and Sanford.

                 Inventory    New Listings    New Pendings  Under Contract     Closed    Days on Market

Oct 2010      16,359        3984                 3304                 9369                 2374            87

July 2011     10,349        2912                 3244                 9869                 2294           101

Aug 2011     10,055        3264                 3466                 9502                 2500           101

Sept 2011      9,931        3193                 3304                 9369                 2243           102

Oct 2011        9,973        2997                 3084                 8937                 2068           106

For the first time in about a year and half, the Orlando inventory went up slightly by 42 units. The inventory has somewhat plateaued because it only dropped by 124 units the previous month.  October and the Autumn months are typically a slower time of year as school starts up and we head towards the holidays. New pendings still outpaced new listings for the 11th month in a row which is still a strong sign.    

Prices continue to remain steady.  The median price is at $112,700 and the average price is at $152,800 which is about the same prices as they have been since May.  No big appreciation but no big price drops either.  Prices are still a bit higher than they were in October 2010 though.   

Here is an additional analysis put out by the Orlando Realtor Association and the Orlando Sentinel for you to review as well.  Interest remain very low in the low 4s.  It is a great time to buy.  I am actively buying houses myself including 2 houses in October for myself.  I would love to help advise you in your next home buying or selling decision.